China's New Beef Quotas Impact Brazil's Export Market

China has announced new beef import quotas for 2026-2028, reducing Brazil's access to its largest export market. The uncertainty over in-transit cargo could impact 350,000 tons of beef, threatening Brazil's $8.8 billion annual revenue.

Insights:
China has announced new beef import quotas for the years 2026 to 2028, significantly reducing Brazil's access to its largest export market. The new quotas set Brazil's beef export limit to China at 1.106 million tons for 2026, a decrease from the 1.5 million tons exported in 2025. This policy change is accompanied by a hefty 55% tariff on any volumes that exceed the set quota, affecting key suppliers including Brazil, Australia AUAU, and the United States USUS.
FILE PHOTO: A drone view captures a ship and containers at the Port of Santos in Santos, Brazil, on April 3, 2025. REUTERS/Amanda Perobelli/File Photo
FILE PHOTO: A drone view captures a ship and containers at the Port of Santos in Santos, Brazil, on April 3, 2025. REUTERS/Amanda Perobelli/File Photo
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