Due to high tariffs and the lack of eligible plants, beef exports to China in May plummeted to just 1,398 tons, 91% less than the previous year, reported the U.S. Meat Export Federation (USMEF).
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The value of exports was US$ 14.6 million, 90% less than 12 months ago. "Despite a relatively solid first quarter, exports to China through May fell 31% to 51,418 tons, valued at US$ 449.3 million, a 32% decrease," USMEF reported on July 6. Beef exports totaled 97,266 tons in May, a 12% year-on-year decline and the lowest level in almost five years. The export value was US$ 798.7 million, 11.5% less than in May 2024 and the lowest in 18 months. In the January-May period, shipments decreased 5% compared to last year, reaching 508,293 tons, while value declined 3% to US$ 4.150 billion. As previously mentioned, US beef is currently subject to a 32% tariff in China, but expired plant registrations represent an even more discouraging obstacle that practically closes the market. Even the few exporters who can still ship to China face enormous uncertainty, with the possibility of retaliatory tariff increases in August, exporters note. The South Korean market, the main destination for US ...