Chile Likely to Be Buying More US Beef in 2011Tue, 12 Apr 2011 21:00:39 CDT
U.S. Meat Export Federation (USMEF) Economist Erin Daley tells us in this edition of the Beef Buzz that Chile's lifting of its 30-month cattle age restriction on U.S. beef imports is likely to be a significant catalyst in promoting more US Beef Sales to that South American nation. In fact, the US Meat Export Federation believes that Chile has recently developed into our most promising beef market in South America. U.S. beef exports to Chile more than tripled last year to $6.2 million, while Chile's total beef imports from all sources topped $700 million.
With improved market access and with South American beef supplies being very tight, Daley projects that U.S. exports to Chile could reach 4,000 metric tons in 2011, with export value exceeding $22 million. She cautions, however, that Chile's onerous labeling requirements have not changed, and they will continue to temper export growth to this market. For example, Chile requires individual labeling of primals and requires the equivalent Chilean quality grade to be designated. These unique labeling regulations increase costs for beef suppliers and can sometimes deter them from serving the Chilean market.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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