USMEF President and CEO Dan Halstrom says the recent suspension of import duties in Mexico has meant more competition for US pork but marketing efforts about quality and value have paid off.
Industry consultant Dennis Smith recently reported added recently that “excellent demand” for ham, mostly from Mexico, has resulted in steady historically-elevated prices of that product.
Smith believes that as the pandemic eases in China, demand for US pork will be strong.
Record-shattering exports to Dominican Republic
US pork export demand will also be strong this year in the Dominican Republic (DR) and the Philippines. African Swine Fever recently decimated this.
The USMEF reports that exports to the DR had already set annual records through October 2022, and demand further intensified in November. Shipments reached a record 10,229 mt in November, up 70% from a year ago and up notably from the previous high of 8,966 mt in April.
“Similar to Mexico, the DR temporarily suspended import duties on red meat and poultry in June, heightening competition in the market, but the decree suspending these duties recently expired, meaning the US is once again the only major pork supplier with duty-free access,” states the USMEF.
“Imports from other major suppliers are subject to the DR’s most-favored-nation rate of 25%. Canadian pork exports to the DR fell back to zero in November after gaining some momentum when duties were suspended.”
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