Tridge summary
In February, US beef exports to Korea experienced a 7% decrease in volume, totaling 18,074 metric tons, while the export value rose by 12% to $172.3 million, according to USDA and USMEF data. This trend of reduced volume but increased value, which began in January, continued into February, with a total volume decrease of 4% to 36,863 metric tons and a value increase of 12% to $342.8 million. Despite the challenges posed by rising food prices affecting Korea's foodservice sector's recovery, US beef has found success in the home and restaurant meal replacement markets, aided by Korean government initiatives to control food price inflation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
February US beef export volume to Korea was lower than a year ago (down 7% to 18,074 mt), export value climbed 12% to $172.3 million, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). January-February exports followed a similar trend, falling 4% to 36,863 mt while value increased 12% to $342.8 million. The Korean government recently announced measures aimed at easing food price increases, which have been especially sharp for fruits and vegetables. Rising prices have ...
Source: The Cattle Site
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