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EU Duty-free Beef Quota Usage Slows In February

Utilization of the EU’s duty-free high-quality beef quota has moderated significantly this month. From Jan. 1 through Feb. 20, tonnage used totaled 6,641 metric tons (mt), with another 287 mt awaiting allocation. This represents 56 percent of the 12,371 mt available for the January-March quarter.

At its current pace, the quarterly allocation is not projected to reach its critical phase (90 percent utilized) until March 24 and is not likely to reach full utilization before the end of the quarter.