JBS CEO Gilberto Tomazoni warned that finished male prices could decline in the second half of 2026, amid rising supply and constraints in the main export market. The assessment comes as Brazil rapidly uses up its beef export quota to China.
According to the executive, the annual quota of 1.1 million tons without the additional 55% tariff could be filled by mid-year. This would force part of the production to be redirected to other destinations, creating a surplus that would pressure prices. The additional volume involved could reach around 950 thousand tons.
Tomazoni noted that although markets such as Southeast Asia and the United States are showing stronger demand, they will not be able to fully absorb this volume. He also highlighted differences in consumption patterns that limit the replacement of China as the main destination.
