BRAZIL and a group of other exporter countries servicing the US beef market under the US’s ‘Other Country’ beef quota have in recent days filled their tariff-free entitlement for the 2023 year.
It means that in order to continue to service the US beef market for the remainder of 2023, Brazil and several others will have to pay an out-of-quota tariff of 26.4 percent on all beef shipments, reducing its competitiveness against other exporters like Australia and New Zealand.
Volumes of beef trade into the US have grown out of Brazil over the past two or three years, leading to the…
