June a strong month for US beef exports - leatherbiz: Leading news sit Leatherbiz

News

June a strong month for US beef exports

09/08/2016
US beef exports were valued at $545.4 million in June, a 5% drop on the same period of last year but the best month so far in 2016. The volume of beef exports was up 2% to 98,920 tonnes. For the first half of the year, volume was up 3% to 541,547 tonnes, but value fell 10% to $2.91 billion. 

Japan led the way, importing the largest volume of US beef in nearly two years. In June, US beef exports to Japan rose 29% in volume to 25,836 tonnes. Data from the first half of 2016 showed that US beef has increased its share in the Japanese market to 38.5%. 

In spite of this strong performance, Philip Seng, US Meat Export Federation (USMEF) president and CEO said:  “US beef faces a significant tariff rate disadvantage in Japan, and this gap will grow larger unless and until the Trans-Pacific Partnership is ratified.”

Beef exports to Mexico also remained strong in June, increasing 14% in volume to 20,021 tonnes. Volume was down 13% to $76.2 million.

There was also a considerable increase in US beef exports to the ASEAN region. Due to strong growth in the Philippines, Indonesia and Vietnam, exports to the region were up 113% in volume and 57% in value in June.

Related stories:

September a “solid month” for US beef exports 09/11/2016
USMEF elects new chairman 07/11/2016
USMEF targets diversification of beef export destinations 12/09/2016
USMEF leads beef producers on Japan trip 06/09/2016
US and Brazil agree deal on fresh beef 01/08/2016
USMEF Latin American Product Showcase returns to Panama 26/07/2016
Japan drives growth of US beef exports 08/07/2016

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.