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

SAO PAULO, Sept 21 () - 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.

Published by
Yahoo Finance
Published
Length
205 words · 1 min
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

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)

FILE
FILE 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

Where this came from

This story was reported and first published by Yahoo Finance on 21 September 2026. HUE Legacy Ventures did not write it.

Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.

Read it at finance.yahoo.com →