Brazil could receive part of Uruguay’s beef export quota for China
Brazil could receive part of Uruguay’s unused beef export quota for China after exceeding its own 2026 shipment limit. Uruguay has agreed to allow Brazil to use part of its unused volume, although the reallocation still requires approval from China.
As of September 21, Brazil’s beef exports to China had reached 103.5% of its annual quota of 1.106 mln tons. Uruguay, by contrast, had used only 31.4% of its 324 thsd ton quota, leaving a substantial amount available.
Market participants note that the quota transfer cannot take effect without official approval from Beijing. Given long shipping times, some additional volumes, if approved, may only be shipped next year.
Brazilian beef offers to the Chinese market remain high amid the quota constraints. Traders indicated offers for some products at around $7,700/t CFR China, while buyers were targeting closer to $6,900/t.
Platts assessed the Brazil Beef Marker at $6,850/t FCA Santos as of September 21. Additional quota availability could support Brazilian beef exports to China, although future shipments will depend on Chinese approval and price competitiveness.
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