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Europe

Volume entered to the EU more than doubled the quota 481 for the quarter

The gradual reduction in the quarterly quota under the 481-quota scheme for third countries has not prevented the growth in volumes shipped. The European Union’s need for beef imports is such that importers choose to exceed the quota by a wide margin, pay the proportional tariff, and ensure they have product available to meet domestic demand, still eager for beef despite the opposition from European bureaucratic lobbies.

In the first two days of the July–September quarter, 6,774 tons were already waiting to enter, more than doubling the 3,100-ton quarterly quota. The European mechanism prorates the quota across the total volume, which under the current conditions means these tons will pay just over half of the full levy.

The full levy for chilled boneless beef in the EU is €3.034 per kilo plus 12.8% of the product’s value. Considering a value of around €10,000 per ton, the tariff paid by the 6,774 tons will be approximately €2.3 per kilo.

The main suppliers under quota 481 are Uruguay and Argentina.


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