Exports to China, Hong Kong and Japan all decline
15 September 2023
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US red meat exports to Asia finish jumbled together July, in keeping with information launched through USDA and compiled through USMEF.
Red meat exports to China/Hong Kong, which can be lately basically selection meat, had been additionally decrease in July however stay smartly forward of closing yr’s tempo. January-July shipments totaled 315,539 mt, up 18% year-over-year, valued at $813.6 million (up 14%).
In Japan, July red meat exports had been down 12% from a yr in the past to twenty-five,357 mt, whilst worth fell 9% to $106. 9 million. This driven January-July shipments 3% underneath closing yr’s tempo at 212,626 mt, valued at $856.3 million (down 6%).
Fuelled through forged expansion within the Philippines and Vietnam and surging call for from Malaysia, red meat exports to the ASEAN area reached 43,689 mt via July, up 51% from a yr in the past, whilst worth greater 26% to $103.5 million. Home manufacturing within the Philippines and Malaysia is still impacted through African swine fever.