Value of U.S. broiler exports to Asian markets jumps 52 percent in Q1
May 11, 2020
Broiler exports to key Asian markets soared in the first quarter of 2020, with both volume and value increasing.
The combined value of exports to China, Vietnam, Philippines, Taiwan, and Hong Kong rose 52.21 percent for the first three months of this year compared to the January through March period in 2019, according to newly released trade data from USDA Foreign Agricultural Service (FAS).
The importance of the reopening of the China market to U.S. poultry exports was notable. Exports of U.S. broiler products to China totaled 46,312 metric tons (of which 53.0 percent of 24,558 metric tons were chicken paws), making it the fourth-largest export market for U.S. broilers for the period, trailing Mexico, Taiwan, and Vietnam.
Turkey exports also made strides in the China market, for the month of March and for the quarter. For March and for the quarter, China ranked second, although far behind Mexico, for turkey exports.
See more in the May 11 edition of MondayLine.