US beef exports up 56pc to Hong Kong, but Russian meat boycott hits hard
US BEEF exports to Hong Kong soared 56 per cent in May to 7,182 tonnes year on year while Taiwan's volume soared 764 per cent to 2,720 tonnes, according to the US Meat Export Federation (USMEF).
If it were not for the Russian boycott imposed on US red meat in February, overall US beef exports would have risen 12 per cent instead of 3.5 per cent from January to May.
And if Russia is excluded, May pork exports increased 3.5 per cent in volume year on year, export volume from January to May would be down 5.8 per cent instead of nine per cent.
The trade impasse results from Russia's policy against the use of a feed additive containing beta agonist that puts on more muscle than fat, thus reducing the cost of prime beef weight gain.
"The absence of one of the largest meat purchasers in the world affects the volume of product sold and, more importantly, the price that other customers need to pay for it," said USMEF president Philip Seng.
The volume of US beef exports in May was 97,820 tonnes, rising three per cent year on year, and export value was $513.6 million, increasing nine per cent. From January to May, beef exports were up three per cent in value at $2.26 billion, despite a three per cent fall to 440,840 tonnes.
US beef exports to Japan in May jumped 74 per cent year on year in volume to 28,122 tonnes. The USMEF said beef exports remained "steady to higher" for Canada, Egypt, Central and South America and the Caribbean this May, but down to Mexico, South Korea, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
US BEEF exports to Hong Kong soared 56 per cent in May to 7,182 tonnes year on year while Taiwan's volume soared 764 per cent to 2,720 tonnes, according to the US Meat Export Federation (USMEF).
If it were not for the Russian boycott imposed on US red meat in February, overall US beef exports would have risen 12 per cent instead of 3.5 per cent from January to May.
And if Russia is excluded, May pork exports increased 3.5 per cent in volume year on year, export volume from January to May would be down 5.8 per cent instead of nine per cent.
The trade impasse results from Russia's policy against the use of a feed additive containing beta agonist that puts on more muscle than fat, thus reducing the cost of prime beef weight gain.
"The absence of one of the largest meat purchasers in the world affects the volume of product sold and, more importantly, the price that other customers need to pay for it," said USMEF president Philip Seng.
The volume of US beef exports in May was 97,820 tonnes, rising three per cent year on year, and export value was $513.6 million, increasing nine per cent. From January to May, beef exports were up three per cent in value at $2.26 billion, despite a three per cent fall to 440,840 tonnes.
US beef exports to Japan in May jumped 74 per cent year on year in volume to 28,122 tonnes. The USMEF said beef exports remained "steady to higher" for Canada, Egypt, Central and South America and the Caribbean this May, but down to Mexico, South Korea, Indonesia, Malaysia, the Philippines, Singapore and Thailand.