Brazilian Beef Faces 67% Tariff in China
Brazil reaches its beef quota in China, and a Paraná-based meatpacker needs new markets. Read on Gazeta do Povo.
TL;DR
- Brazil's beef exports to China have reached the annual quota of 1.1 million tons.
- A 67% tariff will be applied to all beef shipments to China from October 1st onwards.
- This tariff makes exports to China unviable, prompting companies to diversify markets.
- Domestic beef supply is already limited due to reduced female animal slaughter in previous years.
- Paraná, a state focused on poultry exports, has a small share in Brazilian beef exports to China.
- High domestic beef prices and limited supply are expected to continue.
- The Brazilian beef industry expects supply to normalize in about 1.5 years.