U.S. beef exports to Hong Kong are reaching new heights in 2011. Through the first five months of the year, exports have more than doubled in volume to 50.8 million pounds and increased 140 percent in value to just over $100 million.
Joel Haggard, U.S. Meat Export Federation (USMEF) senior vice president for the Asia Pacific region is based in Hong Kong, and he provides a discussion of Hong Kong’s booming economy and strong demand for U.S. beef in the attached audio report. Haggard notes, however, that the U.S. lacks access for bone-in cuts, offal and all beef products from cattle 30 months of age or older. He says removal of these restrictions would provide for even more robust growth.
If you have questions or would like a more extensive interview with Mr. Haggard, please don’t hesitate to contact me.