Brazil gains access to Uruguay beef quota
Brazilian President Luiz Inacio Lula da Silva announced that Uruguay has authorized Brazil to utilize its surplus beef export quota to China following a meeting in New York.
Brazil will utilize Uruguay's surplus beef export quota to China, securing vital access after shipments hit 98.5% of capacity by June. The agreement follows a Monday meeting in New York between Brazilian President Luiz Inacio Lula da Silva and Uruguayan counterpart Yamandu Orsi. The arrangement offers temporary relief as South American meat producers navigate restrictive tariff policies in Asian markets.
