Russia renews quotas for beef and poultry imports from Brazil

The Brazilian government has received notification of Russia’s decision to renew import quotas for up to 570,000 tonnes of beef, accompanied by a reduced tariff from 50% to 15%, and 364,000 tons of poultry with a zero tariff.

The Eurasian Economic Union (EAEU) has also implemented quotas to import 124,500 tons of beef exclusively for processing, with a zero tariff. This includes 100,000 tons designated for the Russian market and the remaining quantity distributed among the four other member countries (Belarus, Armenia, Kazakhstan, and Kyrgyzstan). These measures will be effective from January 1 to December 31, 2024.

Brazilian beef and poultry exports to the Russian market, totaling $278 million in 2022 and constituting 15.4% of Brazil’s trade portfolio, are expected to grow in 2023.

From January to October of this year alone, the trade flow has reached $250 million, accounting for 22.2% of Brazil’s total exports to Russia.

The chart below displays Brazilian beef and poultry exports, measured in tonnes, between Jan 2019 and Oct 2023. The data is from DataLiner.

Beef and Poultry Exports to Russia | Jan 2019 – Oct 10 | WTMT

Source: DataLiner (click here to request a demo)

In addition to the already disclosed quotas, further discussions are underway on measures of interest to the Brazilian agribusiness. Russia is contemplating the introduction of a quota for the import of 1.2 billion units of eggs with a zero tariff, applicable for the first half of 2024. The import tariff for eggs in the Eurasian Union may increase to 15%.

The Brazilian government remains committed to enhancing the trade relationship with Russia and the EAEU to ensure expanded access to these markets for Brazilian agricultural products.

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