Beef exports to Central The usa greater 16.5%
16 October 2023
2 minute learn
US red meat exports to Mexico persisted to force towards a brand new annual listing in August. Quantity greater 12.5% year-over-year to 91,297 mt, whilst export price was once up 9% to a record-high $211.7 million, in keeping with knowledge launched by way of USDA and compiled by way of america Meat Export Federation (USMEF).
Via August, exports to Mexico crowned ultimate 12 months’s listing tempo by way of 14%, attaining 705,312 mt, whilst export price climbed 18% to $1.47 billion. This features a sharp build up in red meat selection meat exports, which soared by way of 45% in quantity (104,580 mt) and 43% in price ($189.6 million).
Call for for US red meat additionally trended upper within the Dominican Republic, the place August exports greater 26% from a 12 months in the past to six,215 mt, valued at $17.9 million (up 28%). Via August, exports to the DR are on a listing tempo at 66,733 mt, up 26% from a 12 months in the past, valued at $181.3 million (up 34%). US red meat faces expanding festival within the DR from the UK, Canada, the Ecu Union and a couple of red meat institutions in Brazil. On the other hand, america holds the good thing about zero-duty get admission to via CAFTA-DR and stays the marketplace’s dominant provider with 94% marketplace proportion.
August red meat exports to Central The usa greater 16.5% from a 12 months in the past to eight,726 mt, whilst price climbed 23% to $26 million. Via August, exports to the area greater 7% year-over-year to 79,554 mt, valued at $229.2 million (up 13%). Export enlargement was once led by way of Guatemala, El Salvador, Nicaragua and Costa Rica. Shipments to main marketplace Honduras greater simplest relatively in quantity (30,342 mt, up 1%) however posted a 17% build up in price ($76.5 million).