Brazil Beef Exports to China Plunge 93.5% as Safeguard Quota Exhausted

Brazilian beef exports to China fell 93.5% year-on-year in September, driving a 7.6% overall drop in Brazilian exports to China. The collapse follows China's safeguard surtax and the exhaustion of the 2026 quota of 1.106 million tons, leaving new shipments subject to out-of-quota tariffs. This marks a sharp escalation in trade friction, with significant implications for Brazil's agribusiness sector and bilateral trade flows.