U.S. beef overtakes Australian beef in South Korea
South Korea imported a total of 10,551 tons of American beef from Oct. 1-20, surpassing Australian imports of 8,382 tons over the same period, according to the data compiled by the U.S. Meat Export Federation (USMEF).
The monthly imports of American beef first beat Australian in August, but the trend reversed in the next month.
South Korea halted imports of U.S. beef in 2003 in the wake of a mad cow disease outbreak and lifted the ban in late 2008, which led to mass demonstrations among people in fear of their safety.
Although American beef's market share fell behind other imports in the early years of resumption, it has growingly emerged as a popular alternative to expensive local beef over the past few years. ■