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US Beef imports up sharply. Overtakes Aussie and NZ beef

 
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bassexpander



Joined: 13 Sep 2007
Location: Someplace you'd rather be.

PostPosted: Sat Oct 25, 2008 4:44 pm    Post subject: US Beef imports up sharply. Overtakes Aussie and NZ beef Reply with quote

I guess this goes to show that the whole mad cow fiasco was not only a world embarrassment, but a failure.


http://english.yonhapnews.co.kr/business/2008/10/26/12/0501000000AEN20081025002400320F.HTML


U.S. beef imports up sharply in September: report

Quote:
혻혻 By Lee Joon-seung
SEOUL, Oct. 26 (Yonhap) -- U.S. beef imports surged in September, fueled by consumer demand for premium sirloin and rib cuts, a report by the Agro-Fisheries Trade Corp. said Sunday.

혻혻 The state-run corporation said U.S. imports totaled 7,030 tons worth US$43.98 million, or roughly 35 percent of the total quantity of beef brought into the country in the one-month period.

혻혻 In terms of total value, U.S. beef accounted for 43 percent of all imports, as U.S. cuts fetched higher prices than those imported from Australia and New Zealand.

혻혻 South Korea imported 20,253 tons of beef worth $103.13 million last month.

혻 혻 After banning U.S. beef imports outright in December 2003, South Korea allowed boneless beef into the country in April 2007 before quarantine inspections were halted in early October that year. The market was finally opened to most U.S. cuts as of June 26 after a new trade agreement went into effect.

혻혻 The findings showed U.S. beef imports jumped 126 percent in terms of value and 136 percent in terms of quantity compared to August when inbound shipments reached $19.45 million and 2,984 tons.

혻혻 "There is steady increase in demand for beef ribs that are sold at restaurants," said an official source at Agro-Fisheries Trade.

혻혻 He speculated that at present pace, U.S. beef would easily outpace rivals, especially since the recent gains were made despite the fact that U.S. cuts are not sold at major retail outlets, department stores or large restaurant chains.

혻 혻 These businesses have said they will not handle U.S. beef to avoid confrontation with consumer groups who claim that the meat in unsafe to eat. South Korea was rocked by massive nationwide protests after Seoul agreed to lift the long-standing ban on U.S. beef on April 18 this year.

혻 혻 Imports of Australian beef, which has been the best-seller in the absence of U.S. beef, fell to 10,501 tons worth $49.47 million in September. The figure still represents about 50 percent of all imports, but is lower than the 70 percent market share the meat enjoyed in May.

혻 혻 New Zealand beef, which ranked second, lost more ground with imports falling to 2,312 tons worth $8.42 million. South Korea also imported small quantities of beef from Mexico and the Philippines.

혻혻 [email protected]
(END)
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wylies99



Joined: 13 May 2006
Location: I'm one cool cat!

PostPosted: Sun Oct 26, 2008 1:13 am    Post subject: Reply with quote

Every little bit helps.

http://forums.eslcafe.com/korea/viewtopic.php?t=131622&highlight=beef
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Soccerstar



Joined: 21 Nov 2006
Location: Kyungsangnamdo

PostPosted: Mon Oct 27, 2008 10:03 pm    Post subject: Reply with quote

I ask for American beef at every supermarket, butcher shop, and small grocery store that I enter. I always get a smile and a head shaking in the negative, but the homeplus near my place recently had a huge sale on some strangely packaged beef labeled only "Imported meat". When I asked a store employee for American meat this time she took me to this meat, and I picked it up. Then she seemed to have second thoughts, and brought me to the butcher behind the meat counter and asked him if it was American beef. He shook his head and said it was Australian. The fact that it is cheaper than other Australian beef and not labeled made me wonder if he is lying to cover for the store.
American beef has got to be such a lucrative market here. I'm tired of always having to walk out of restaurants where the waiter comes over and says "meegok-san gogi upsuyo." I mean come on... in America we never tell Koreans who walk in that we are boycotting their products! Rolling Eyes
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jdog2050



Joined: 17 Dec 2006

PostPosted: Mon Oct 27, 2008 10:07 pm    Post subject: Re: US Beef imports up sharply. Overtakes Aussie and NZ bee Reply with quote

bassexpander wrote:
I guess this goes to show that the whole mad cow fiasco was not only a world embarrassment, but a failure.


http://english.yonhapnews.co.kr/business/2008/10/26/12/0501000000AEN20081025002400320F.HTML


U.S. beef imports up sharply in September: report

Quote:
혻혻 By Lee Joon-seung
SEOUL, Oct. 26 (Yonhap) -- U.S. beef imports surged in September, fueled by consumer demand for premium sirloin and rib cuts, a report by the Agro-Fisheries Trade Corp. said Sunday.

혻혻 The state-run corporation said U.S. imports totaled 7,030 tons worth US$43.98 million, or roughly 35 percent of the total quantity of beef brought into the country in the one-month period.

혻혻 In terms of total value, U.S. beef accounted for 43 percent of all imports, as U.S. cuts fetched higher prices than those imported from Australia and New Zealand.

혻혻 South Korea imported 20,253 tons of beef worth $103.13 million last month.

혻 혻 After banning U.S. beef imports outright in December 2003, South Korea allowed boneless beef into the country in April 2007 before quarantine inspections were halted in early October that year. The market was finally opened to most U.S. cuts as of June 26 after a new trade agreement went into effect.

혻혻 The findings showed U.S. beef imports jumped 126 percent in terms of value and 136 percent in terms of quantity compared to August when inbound shipments reached $19.45 million and 2,984 tons.

혻혻 "There is steady increase in demand for beef ribs that are sold at restaurants," said an official source at Agro-Fisheries Trade.

혻혻 He speculated that at present pace, U.S. beef would easily outpace rivals, especially since the recent gains were made despite the fact that U.S. cuts are not sold at major retail outlets, department stores or large restaurant chains.

혻 혻 These businesses have said they will not handle U.S. beef to avoid confrontation with consumer groups who claim that the meat in unsafe to eat. South Korea was rocked by massive nationwide protests after Seoul agreed to lift the long-standing ban on U.S. beef on April 18 this year.

혻 혻 Imports of Australian beef, which has been the best-seller in the absence of U.S. beef, fell to 10,501 tons worth $49.47 million in September. The figure still represents about 50 percent of all imports, but is lower than the 70 percent market share the meat enjoyed in May.

혻 혻 New Zealand beef, which ranked second, lost more ground with imports falling to 2,312 tons worth $8.42 million. South Korea also imported small quantities of beef from Mexico and the Philippines.

혻혻 [email protected]
(END)


Not only that, but it basically let every closet communist come out of the cracks.
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wylies99



Joined: 13 May 2006
Location: I'm one cool cat!

PostPosted: Tue Oct 28, 2008 1:25 am    Post subject: Reply with quote

It's scary how many "closet communists" are in South Korea.
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Bibbitybop



Joined: 22 Feb 2006
Location: Seoul

PostPosted: Tue Oct 28, 2008 10:35 am    Post subject: Reply with quote

Fuck US beef. Anyone want to meet in front of City Hall on Wednesday night to express this with some candles?
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