Brazil's annual beef import quota in China was exhausted on September 29, activating an additional 55% surcharge on top of China's standard 12% tariff from October 1, 2026. With EU market access also suspended and U.S. relief limited, Brazilian exporters face mounting pressure to discount or redirect supply.
The European Commission has told Ukraine there are no plans to renegotiate its agricultural export quotas, rejecting Kyiv's request for expanded bioethanol access even as Russian strikes continue to damage Ukrainian infrastructure and constrain its exports.
US poultry by-product meal prices climbed close to all-time highs in early September 2026, rising 18.7% in a month as constrained global fishmeal availability pushed aquafeed formulators toward alternative proteins. Both IFFO and the FAO flagged continued tightness in fishmeal markets, driven by lower fishing quotas in South America and sustained aquaculture demand in China.