Source:  Tom Johnston, MEATINGPLACE.COM, 12/17/10

The value of U.S. beef exports to China in 2011 would be in the range of $200 million if Beijing agrees to reopen its market early next year, the U.S. Meat Export Federation estimates.

U.S. officials announced this week that China has agreed to resume technical talks on the potential reopening of the Chinese market. Some media reports indicated those discussions could begin as early as Jan. 3, 2011.

“When the market closed in 2003, China was just beginning to show its potential as a major destination for U.S. beef. Obviously, China’s economy has grown remarkably since that time and so have the opportunities for high-quality beef products,” USMEF said in a statement.

At an estimated value of $200 million in 2011, China would rank among the top ten global markets for U.S. beef exports “with tremendous potential for future growth,” the organization said.
 

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