EU-28: First Quarter of HQB Quota Fills With Six Weeks To Go

  |   Attaché Report (GAIN)

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As interest of EU beef traders for importing beef into the EU’s High Quality Beef (HQB) quota is still increasing, competition between importers is intensifying. This has led to the first quarter allotment of the HQB filling at the earliest date since the HQB was installed. This quota year, quarter one allotment was virtually filled by August 20, with six weeks to go before the next quarter opens on October 1. The intensified competition is partly explained by the upcoming decrease in the quarterly HQB volume from 12,050 MT to 11,250 MT as a result of the withdrawal of the Canadian 3,200 MT annual HQB share upon the planned implementation of the EU-Canada free-trade agreement CETA on September 21, 2017. 

EU-28: First Quarter of HQB Quota Fills With Six Weeks To Go

Europe and Eurasia, European Union

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