{"id":383821,"date":"2026-01-01T02:28:11","date_gmt":"2026-01-01T02:28:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/383821\/"},"modified":"2026-01-01T02:28:11","modified_gmt":"2026-01-01T02:28:11","slug":"china-quota-could-slash-trade-by-a-third","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/383821\/","title":{"rendered":"China quota could slash trade by a third"},"content":{"rendered":"<p>Hallie Gu and Ilena Peng<\/p>\n<p data-testid=\"article-datetime\" class=\"sc-1d699108-5 bkcsTI\">January 1, 2026 \u2014 7:30am<\/p>\n<p>Save<\/p>\n<p class=\"sc-d1b14060-4 NcyxX\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.brisbanetimes.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 kfUMNO ivkaTQ\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p class=\"sc-369d9219-1 eGTSJh\">Save this article for later<\/p>\n<p class=\"sc-369d9219-2 crcSSW\">Add articles to your saved list and come back to them anytime.<\/p>\n<p>Got it<\/p>\n<p>China has placed quotas on beef imports as it seeks to protect domestic farmers and producers, dealing a blow to Australia and other major shippers including Brazil and Argentina.<\/p>\n<p>Shipments exceeding the limits will be <a class=\"inline-link\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/china-impose-additional-tariffs-55-some-beef-imports-2026-2025-12-31\/\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">subject to a 55 per cent duty<\/a>, after authorities determined that rising imports had harmed China\u2019s own industry. The series of quotas will be in effect from January 1, the Ministry of Commerce said on Wednesday.<\/p>\n<p>The trade measures, which follow an investigation launched in December 2024, are likely to restrict flows of beef into the world\u2019s top importer, and could hurt producers and cattle farmers elsewhere. China brought in 2.6 million tonnes of beef in November this year, customs data shows.<\/p>\n<p><img decoding=\"async\" alt=\"The new Chinese import quotas are a blow to Australian beef exporters.\" aspectratios=\"[object Object]\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/b7b82cab288ee7b6611d8bbb0271589a24ec94f1.jpeg\"  class=\"sc-d2942506-1 wgbit\"\/>The new Chinese import quotas are a blow to Australian beef exporters.Bloomberg<\/p>\n<p>The Australian Meat Industry Council said it was \u201cextremely disappointed\u201d and warned the measures could slash its beef exports to China by about a third from recent levels, hitting trade worth more than $1 billion.<\/p>\n<p>\u201cThis decision will have a severe impact on trade flows to China over the duration of the measures\u2019 enforcement,\u201d said chief executive officer Tim Ryan. \u201cImports of Australian beef are not a cause of damage to the domestic beef industry in China.\u201d<\/p>\n<p>The move may be good news for consumers outside of China, however, boosting supplies and potentially easing prices that have surged to record highs amid strong demand and limited supply.<\/p>\n<p>\u2018This decision will have a severe impact on trade flows to China over the duration of the measures\u2019 enforcement.\u2019<\/p>\n<p>Tim Ryan, Australian Meat Industry Council chief executive officer<\/p>\n<p>The United States, the world\u2019s largest market for the red meat, has struggled to match shrinking herds with resilient consumption. President Donald Trump has moved to cut tariffs on beef, along with other pricey grocery items, to appease voters increasingly disgruntled over high living costs.<\/p>\n<p>The total quotas for all beef imports are set to rise incrementally each year, from 2.69 million tonnes in 2026 to 2.74 million tonnes in 2027, and 2.8 million tonnes in 2028.<\/p>\n<p>Brazil is also among the hardest-hit countries, as China accounts for nearly half of its beef exports.<\/p>\n<p>Related Article<a href=\"https:\/\/www.brisbanetimes.com.au\/world\/north-america\/us-set-to-lower-tariffs-on-beef-as-trump-cops-cost-of-living-backlash-20251115-p5nfmn.html\" tabindex=\"-1\" class=\"sc-cba76dee-0 hLTVHY\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" alt=\"The US is the biggest buyer of Australian beef.\" aspectratios=\"[object Object]\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/5e5e237fdf2ee175d35d1e93835f690ac54e9e3e.jpeg\"  class=\"sc-d2942506-1 ffXaNQ\"\/><\/a><\/p>\n<p>The South American nation could lose up to $US3 billion ($4.5 billion) in revenue in 2026 as a result of the new policy, the country\u2019s Association of Refrigerated Meat Packers said. It could also discourage ranchers from expanding production, just as they had been about to start the years-long process of rebuilding herds.<\/p>\n<p>Brazil has been allocated just over 1 million tonnes a year, less than the 1.7 million tonnes the country shipped in 2025, according to the Brazilian Association of Meat Exporting Industries and the Brazilian Confederation of Agriculture and Livestock.<\/p>\n<p>\u201cAdjustments will be required throughout the entire chain, from production to exports, in order to avoid broader impacts,\u201d the industry groups said.<\/p>\n<p>Brazil Agriculture Minister Carlos Favaro said the country was entering discussions with China this month to discuss what counted towards the quota, and to see if countries that didn\u2019t fully use their quotas could transfer those quantities to Brazil.<\/p>\n<p>Suppliers may try to front-load shipments earlier in the year to avoid reaching the new thresholds, according to Altin Kalo, the chief economist at Steiner Consulting Group. \u201cIt will also provide buyers in other countries more leverage; no longer can suppliers rely on China to absorb ever-increasing supplies,\u201d he said.<\/p>\n<p>Related Article<a href=\"https:\/\/www.brisbanetimes.com.au\/business\/markets\/buckle-up-for-a-volatile-year-of-trump-xi-bromance-taiwan-and-kim-20251231-p5nqup.html\" tabindex=\"-1\" class=\"sc-cba76dee-0 hLTVHY\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" alt=\"It\u2019s not going to last: US President Donald Trump with Chinese President Xi Jinping.\" aspectratios=\"[object Object]\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/9b1f51aeccac353277df779e185ed2ccd9c2174d.jpeg\"  class=\"sc-d2942506-1 ffXaNQ\"\/><\/a><\/p>\n<p>The impact on the US will less severe, at least for now. Quotas for the US are set at 164,000 tonnes in 2026, rising to 168,000 tonnes in 2027 and 171,000 tonnes in 2028. That\u2019s well above current trade flows as shipments have constricted after China earlier this year did not renew export registrations for US beef plants.<\/p>\n<p>The market is hard to replace, while the absence of Chinese buyers reduces competition and lowers the value of sales to other Asian markets, says Joe Schuele, the US Meat Export Federation\u2019s senior vice president of communications.<\/p>\n<p>\u201cOur main priority is to get the market fully reopened,\u201d Schuele said. \u201cOnce we are back into the market, the safeguard is certainly a concern, but we don\u2019t see an immediate impact on export volumes.\u201d<\/p>\n<p>China\u2019s beef imports have surged in recent years, along with rising incomes, but domestic production has also climbed as the government urged farmers to raise more cattle at home. Plentiful supply is now straining the local industry as consumers cut back, leaving freezers full. Wholesale beef prices fell to the lowest since 2019 earlier this year.<\/p>\n<p>The measures could also broadly protect the Chinese pork industry, which had declined as consumers were \u201ceating too much foreign beef and not enough domestic pork\u201d, said Brian Earnest, the lead animal protein economist at CoBank ACB.<\/p>\n<p> Bloomberg<\/p>\n<p>Save<\/p>\n<p class=\"sc-d1b14060-4 NcyxX\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.brisbanetimes.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 kfUMNO ivkaTQ\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p>Most Viewed in BusinessFrom our partners<\/p>\n","protected":false},"excerpt":{"rendered":"Hallie Gu and Ilena Peng January 1, 2026 \u2014 7:30am Save You have reached your maximum number of&hellip;\n","protected":false},"author":2,"featured_media":383822,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":{"0":"post-383821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/383821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=383821"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/383821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/383822"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=383821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=383821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=383821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}