BRAZIL and a group of other smaller exporter countries servicing the US export beef market under the US’s ‘Other Country’ beef quota have in recent days filled their tariff-free entitlement for the 2024 year.
It means that in order to continue to service the US beef market for the remainder of 2024, Brazil and several others will have to pay an out-of-quota tariff of 26.4 percent on all beef shipments, reducing their competitiveness against other exporters like Australia and New Zealand.
As can be seen in the graph above, the 2024 ‘Other Country’ US beef quota was officially…
