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U.S. Beef Exports to EU Continue To Grow

Tuesday, December 2, 2008

(American Meat Institute)

New data show that U.S. beef exports to the European Union (EU) continue to grow, heralded as encouraging news in light of the problems in global financial markets.

Totals for the first half of the current quota year (July 2008 through June 2009) are on a pace to exceed the total for the entire previous quota year.

EU importers filed applications to bring 543 metric tons (1.2 million pounds) of U.S. beef into the region in November, raising the total since the start of the year to 3,609 metric tons (7.9 million pounds).

The United States annual high quality beef quota is 11,500 metric tons (25.4 pounds).

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