Russia and Belarus have granted new zero-tariff quotas on chicken imported for domestic processing in a move expected to boost exports of poultry products from Brazil to Eastern Europe, Reuters reported, citing the Brazilian Animal Protein Association (ABPA) on Thursday.
Brazil, home to companies such as BRF SA and JBS SA, is the world's largest supplier of chicken meat, accounting for more than a third of global trade.
According to the poultry and pork lobby, from December 12 through 2024, duties will not apply to imports of up to 140,000 tons of chicken meat to Russia and 10,900 tons to Belarus.
“During the same period, there is also a duty-free quota for the import of 1.2 billion eggs into Russia,” ABPA said. “The Russian market remains closed to fresh eggs (imports) from Brazil, but negotiations about a possible opening are already underway,” ABPA said.
Last week, Russia renewed its duty-free chicken import quota to the equivalent of 364,000 tonnes, ABPA said.
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