Brazil races to China beef cap as 55% tariff risks price collapse

Brazil is on course to exhaust its annual beef export quota to China by September, industry researchers said on Tuesday, as the government warns that uncontrolled shipments could trigger a collapse in domestic prices and jobs in the cattle sector. If the pace of exports recorded in January is maintained, Brazil will fill its 2026 quota of 1.106 million tonnes well before year end, according to the Centre for Advanced Studies on Applied Economics at the University of Sao Paulo, known as Cepea. In...

By Igor Patrick