USMEF leader points out new markets for US pork
Despite tariffs and other headwinds facing the industry, pork exports had a strong year in 2018 and are in a position to grow in 2019, said US Meat Export Federation (USMEF) President and CEO Dan Halstrom, during the 2019 National Pork Industry Forum.
Trade wars with China and Mexico have taken their toll on but there are other markets that present real opportunities for the US pork industry. South Korea is one of the largest importers of US pork, with US pork raw materials for further processing turned into a primary driver for much of the demand for meat, as more and more consumers turn to processed foods such as US pork sausages and other convenience items. The home meal replacement concept has become very popular and is fueling Korea’s demand for pork, USMEF leader explained.
Also, another interesting region is Central and South America, where countries such as Colombia, Peru, Panama and Costa Rica have increased their US pork imports, noted Dan Halstrom. He also pointed out the need for a trade agreement between the US and Japan, the largest value destination for US pork and one of the world’s most competitive markets.
Recently, Japan and the EU signed a free trade agreement that eliminates or reduces tariffs for many products, including pork and other meats.
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