Agribusiness

Key Facts

—The record. Brazil’s beef exports generated close to $10bn in the first half of 2026, a fresh high, according to Abiec.

—The wall. Brazil has nearly used up its 1.1 million-tonne tariff-free quota for China for the year.

—The penalty. Shipments to China above the ceiling face a tariff of 55 percent, which effectively closes the market.