Shipments building up 6% in first seven months
14 September 2023
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Even if US red meat exports to South Korea trended decrease in July, shipments throughout the first seven months of the yr nonetheless greater 6% to 113,756 mt., in line with knowledge launched via USDA and compiled via USMEF.
Export price declined relatively, falling 1% to $370.6 million.
In contemporary months, Korea has carried out duty-free quotas for imported red meat as a part of its effort to battle meals worth inflation. Those quotas principally get advantages Canadian, Mexican and Brazilian red meat, as imports from america, Ecu Union and Chile already input at 0 responsibility below loose business agreements with Korea.