Australia: Africa's potential as a big beef customer on the US radar

Frozen Bone-In Beef
Published Jan 22, 2024

Tridge summary

The United States is looking to take advantage of Africa's large and growing middle-to-upper income population as a potential market for beef exports. However, logistical challenges and lack of free trade deals with African countries make the region less attractive for Australian beef exporters. Despite this, there is still potential for long-term growth in Africa due to its increasing earning ability and population size.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Africa's massive population and increasing middle-to-upper income demographic is being eyed off by one of Australia's biggest beef competitors, the United States. For Australian exporters the prospects elsewhere stack up better but the long-term potential of the world's second most populous continent is still being noted. The US Meat Export Federation is pushing for market access attention in the region, saying there is some lucrative "low-hanging fruit to be had if we are able to get a bit of a break on the access side." USMEF president Dan Halstrom, in an interview on RFD-TV, said: "Rwanda, Nigera, Angola - these places remind me a lot of Mexico in the 1980s and what is Mexico today - one of our most reliable markets with almost a billion in sales of US meat. "So I don't think it will be too far in the future that some of these African places will take centre stage." He said with a population of 1.5b people and growth prospects of well over 2b in the near future, and increasing ...
Source: Farmweekly
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.