Subscribe to The Weekly e-newsletter
For in-depth red meat market news, information and analysis.
Higher global “Hilton” quota utilisation in 2014-15
23 July 2015
According to the EU Commission, global usage of the “Hilton” quota increased 6% in 2014-15, totalling 45,618 tonnes swt, or 67.8% of the total quota. The rise was mainly driven by the increase in Brazilian beef shipments under the quota.
- Brazil filled 80% of its allocated quota (or 7,990 tonnes swt) in 2014-15, up from 41% (4,079 tonnes swt) in the previous fiscal year. A greater number of cattle meeting the specifications to supply beef under the quota underpinned exports.
- Australia has been a consistently high user, but registered a slightly decline in 2014-15, with utilisation at 95% (6,815 tonnes swt)
- New Zealand and Uruguay continued to use all of their annual allocation; both countries have recorded high usage since 2009-10.
- Argentina has the largest quota allocation, at 30,000 tonnes swt, but has consistently fallen short, shipping 76% (or 22,867 tonnes swt) of its total allocation in 2014-15.
- The US and Canada share a quota of 11,500 tonnes swt and its quota utilisation remained very low, at 3% (353 tonnes).
The EU “Hilton Quota” is a country specific beef quota, with access allocated to Argentina, Australia, Uruguay, New Zealand, Brazil, US/Canada and Paraguay. Disappointingly for countries that regularly fill their allocation, including Australia, New Zealand and Uruguay, unused quota cannot be redistributed to other supplying nations.
|
Countries |
Quota allocation (tonnes swt) |
Quota utilisation (tonnes swt) |
Quota utilisation (%) |
|
Argentina |
30,000 |
22,867 |
76% |
|
Australia |
7,150 |
6,815 |
95% |
|
Uruguay |
6,300 |
6,281 |
100% |
|
Brazil |
10,000 |
7,990 |
80% |
|
New Zealand |
1,300 |
1,299 |
100% |
|
US & Canada |
11,500 |
353 |
3% |
|
Paraguay |
1,000 |
12 |
1% |
|
TOTAL |
67,250 |
45,618 |
67.8% |
