WASHINGTON — Egg trade officers, together with USDA and dozens of agribusinesses, farm organizations and state departments of agriculture representatives are making what’s a second commerce mission to South Korea in six months, in the course of the week of March 25-28.
The mission is being led by USDA Commerce and International Agricultural Affairs Beneath Secretary Alexis M. Taylor. American Egg Board President and CEO Emily Metz, and Greg Hinton, vp of gross sales at Rose Acre Farms, Seymour, Ind., can be representing the U.S. egg trade.
AEB notes that South Korea is a key strategic goal marketplace for the U.S. and is the quantity 5 high export vacation spot for U.S. egg merchandise.
“Returning to South Korea with the USDA after our very profitable egg trade commerce mission final November reaffirms our dedication to focusing on important development alternatives on this high egg-buying export market,” Metz mentioned. “Our goal is to assist our producers diversify their gross sales portfolios and enhance entry to secure, high-quality U.S. eggs and egg merchandise as half of a bigger strategic purpose to double U.S egg exports within the subsequent 5 years.”
AEB provides that it’s working in partnership with the USA Poultry & Egg Export Council and United Egg Producers to construct the U.S. egg trade’s commerce capability and enhance the quantity of egg exports worldwide.
Throughout this commerce mission, the individuals will have the ability to participate in business-to-business conferences, see South Korean meals developments, see how U.S. merchandise are getting used within the South Korean market, and obtain market briefings from USDA International Agricultural Service commerce consultants.
AEB notes that knowledge is displaying nice untapped development alternatives for shell eggs and merchandise, including that, on common, egg exports in current a long time have amounted to roughly 3.8 % of whole desk egg manufacturing yearly.
“America’s egg farmers have virtually actually stored their eggs multi function basket — the U.S. home market,” Metz mentioned. “By this decided deal with rising exports, the American Egg Board seeks to roughly double the typical annual U.S. egg exports to 7 % of whole desk egg manufacturing inside the subsequent 5 years.
“Our deal with commerce missions is a necessary step in a bigger international egg technique that I consider is key to the prosperity and stability of our U.S. egg producers and essential to the trade’s future.”
This commerce mission marked the start of a remarkably busy week for AEB and the egg trade, main as much as the annual White Home Easter Egg Roll on Monday, April 1.
USDA famous that the U.S. and South Korea marked the tenth anniversary of the United States-Korea Free Commerce Settlement in 2022, which helps a bilateral commerce relationship between the 2 nations. With South Korea being the fifth largest export marketplace for U.S. agriculture merchandise, with an export worth of $8 billion.
“South Korean customers recognize the standard and reliability of U.S. meals and agricultural merchandise,” Beneath Secretary Taylor mentioned. “I’m excited to introduce the U.S. corporations and their numerous lineup of merchandise to this essential market. This week offers an excellent alternative to develop the partnerships and foster the collaboration which can be crucial to facilitating the long-term relationships that can kind the premise for increasing U.S.-South Korea commerce. I’m assured the engagements deliberate right here in Seoul will ship mutually helpful outcomes.”
