India Displaces the United States as Third Largest Exporter
Beef exports are forecast to rise 5 percent in 2012 on robust global demand, particularly by Southeast Asia, the Middle East and North Africa. India accounts for nearly half of world growth in 2012 on increased supplies and price-competitive shipments to emerging markets.
Expansion enables the rising exporter to nudge the United States to become the world’s third largest exporter. The United States maintains gains achieved since in 2003, the last year before the BSE detection in Washington State, to reach record level exports. Despite a weak dollar, additional U.S. growth is constrained by lower production.
Russia Is the World’s Largest Beef Importer
Russia, which now includes trade with Belarus, is forecast to continue its new found position as world’s leading importer. Slightly lower production will be partially offset by an increase in imports. The tariff rate quota (TRQ) volume remains unchanged in 2012 and again a significant volume will likely be imported over quota.
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