Brazil Fills more Hilton Quota
BRAZIL - Despite the ongoing economic turmoil throughout the EU, Brazilian beef exports to the EU in 2012 have increased, which is expected to see it utilise an anticipated 31 PER CENT, or 3,100 tonnes swt, of its “Hilton” High Quality Beef (HQB) Quota for the current year.
8 June 2012
1 minute read
To the end of April, shipments from Brazil totalled 2,362 tonnes swt.
Under the HQB quota, 65,250 tonnes swt (from seven nominated sources) can enter the EU on an annual basis. The beef must be high quality and can comprise bone-in or boneless cuts of fresh, chilled or frozen beef from Australia, NZ, the US and Paraguay, but only chilled product from Brazil, Uruguay and Argentina. A customs duty of 20 per cent ad valorem of the CIF value applies.
Due to traceability restrictions and the definition of “high quality beef”, Brazil has had some difficulties in supplying suitable product under the HQB specifications. For the 2010-11 fiscal year, Brazilian shipments of HQB totalled 451 tonnes swt out of an allocation of 10,000 tonnes swt.
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