Brazil to use Uruguay's surplus of beef export quota to China, Lula says
Brazilian President Luiz Inacio Lula da Silva announced on Monday that Uruguay had given Brazil permission to utilize the excess beef export quota Uruguay holds for China. Following a meeting with Uruguayan President Yamandu Orsi in New York, Lula expressed his appreciation for this authorization via his X account. At present, Uruguay's foreign ministry has not commented on the matter.
In January, China introduced a 55% tariff on beef imports from suppliers exceeding their quota, a measure aimed at safeguarding its domestic cattle sector. As of November to June, Brazil had already dispatched 98.5% of its allocated 1.1 million metric ton quota, according to StoneX's July report. The quota is anticipated to be fully utilized by August.
Industry estimates suggest that Brazil's beef exports will decline by 10% year-on-year in 2026 due to China's restrictions and a recent reduction in meat exports to the European Union.
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