WASHING TON: While the South American country is a modest consumer of pork, there is potential for US pork export growth to its nearly 6.9 million people, who have a per capita income greater than, for example, the Philippines and Vietnam.
The US pork industry is very dependent on exports,” said Mr Heimerl. “Last year, we exported nearly 27% of our total production, and those exports added more than $ 53 – representing almost 36% of the $ 49 average value of a hog in 2017 – to the price we received for each animal marketed.”
Mr Heimerl continued to say, “The United States can’t sit on its hands when it comes to trade and watch its export markets erode. Opening new markets, even small ones like Paraguay, and expanding existing markets is imperative.
“Paraguay won’t be a huge market for US pork, but given the current trade climate, the US pork industry needs all the new markets it can get. This is welcome news for America’s pork producers.”
