ANALYSIS: Australia’s Korean Beef Safeguard Teeters on Brink After 90% Drawdown

Australian beef imports have utilized 90.0% of the 2026 Korea-Australia Free Trade Agreement (KAFTA) safeguard quota as of June 25, according to Korea Customs Service data.

Exactly 19,602.68 metric tons (MT) remain available at the preferential 5.3% in-quota tariff rate. 

Timeline Shrinks Toward Historic July Trigger

Industry expectations currently still point to a July safeguard activation. This would be the earliest trigger on record, compared to a September 12 activation back in 2025, October 24 in 2024, and 8 December in 2023...

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