First quarter U.S. pork exports were 1.4 billion pounds, 15.8 percent ahead of last year. Firstquarter exports to China likely represent the tail end of deliveries of large purchases made in 2011.
The USDA’s Foreign Agricultural Service expects 2012 China’s pork imports from all sources to decline by 14 percent. USDA also forecasts a 14-percent reduction in South Korea’s imports in 2012, from all sources,
as the pork sector recovers steadily from 2010-11 outbreaks of foot and mouth disease. The Government of South Korea recently announced that it would limit the initial 70,000 metric tons (MT) duty free tariff rate quota (TRQ) for fresh/frozen pork bellies announced for the period April-June to 20,000 MT.
May 2012/ ERS-USDA/ United States.