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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

U.S. Pork Exports Soar

01/11/2020

USDA reports that pork exports increased to 260,000 metric tons in November approximately 26% over the corresponding month in 2018.  The value of $713 million was 32 percent higher than November 2018.

Growth in both export volume and value was driven by demand from China, up almost three-fold from November 2018 to 86,000 metric tons valued at $205 million. The increase in exports to China offset a decline in shipments to Mexico, down 6 percent in both volume and value.  This is attributed to competition from Canada.  Exports to Japan were 3 percent lower in volume and 7 percent lower in value to 33,000 metric tons and $1.4 billion respectively.  The situation with respect to Japan will improve after January 1st as tariff rates on U.S. pork match the EU and Canada.


 
Copyright 2019 Simon M. Shane