Exports up 26% over remaining yr
22 September 2023
1 minute learn
Exports to the Dominican Republic are on a file tempo thru July, totalling 60,518 mt (up 26% from a yr in the past) valued at $163.4 million (up 34%), in line with information launched through USDA and compiled through USMEF.
Brazil was once not too long ago granted get entry to for a couple of red meat institutions, including to festival from the UK, Canada and the Ecu Union.
Alternatively, the USA is the Dominican Republic’s dominant red meat provider and the one one with zero-duty get entry to thru a loose business settlement.
July red meat export price equated to $65.38 in step with head slaughtered, down 3% from a yr in the past, whilst the January-July reasonable greater 8% to $64.07.
Exports accounted for 30.3% of overall July red meat manufacturing, up one share level from a yr in the past.
For muscle cuts simplest, exports accounted for 25.5% of manufacturing, up from 24.7%. For January thru July, those ratios had been 29.9% of overall manufacturing and 25.6% for muscle cuts, up from 26.8% and 23.6%, respectively, a yr in the past.