US: Exports Vital for US Meat Industry, Says Report
US - The US meat industry should continue to pursue growth overseas, according to a report on outlook for the North American food industry this year.
3 January 2008
2 minute read
Beef, pork and poultry processors in the US are becoming "increasingly reliant" on overseas markets but the benefits of export growth "far outweigh" the risks, industry watchers Rabobank said.
In its annual outlook for North America's food and agribusiness sector, Rabobank touted China as a key market for US meat processors, especially those working in the pork category.
China's domestic pork suppliers have been unable to meet soaring demand for pork, which presents an opportunity for overseas suppliers. Argentina and Brazil have recently signed agreements allowing them to export to China.
