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Brazil to use Uruguay's surplus of beef export quota to China, Lula says

Brazil to use Uruguay's surplus of beef export quota to China, Lula says

FILE PHOTO: A drone image shows cattle entering a feedlot at CMA Farm in Barretos, Sao Paulo state, Brazil, December 4, 2025. REUTERS/Joel Silva/File Photo · Reuters
Reuters

Mon, September 21, 2026 at 8:11 PM GMT+3 1 min read

SAO PAULO, Sept 21 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on ‌Monday that Uruguay had authorized Brazil to ‌use the surplus from its beef export quota to China.

"I ​expressed my gratitude for the authorization granted to Brazil to use the surplus from Uruguay's beef export quota to China," Lula wrote on X ‌after meeting with ⁠his Uruguayan counterpart, Yamandu Orsi, in New York.

Uruguay's foreign ministry did not immediately ⁠reply to a request for comment.

China in January imposed an added 55% tariff on beef imports that exceed ​quota levels ​from key suppliers, including ​Brazil, in a move ‌to protect its domestic cattle industry.

From November to June, Brazil had already shipped 98.5% of its 1.1 million metric ton quota, StoneX said in a report in July, adding the quota ‌would be filled by August.

Brazil's ​total beef export volumes are ​expected to drop ​10% year-on-year in 2026, industry group ‌Abiec estimated earlier this year, ​amid restrictions ​imposed by Beijing and a recent curb on Brazilian meat exports to the European Union.

(Reporting ​by Fernando ‌Cardoso in Sao Paulo, additional reporting by ​Lucinda Elliott in Montevideo; Editing by Gabriel ​Araujo and Iñigo Alexander)

Kaynak: Yahoo Finance
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