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, throughout 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 prime 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 progress alternatives on this prime egg-buying export market,” Metz stated. “Our goal is to assist our producers diversify their gross sales portfolios and enhance entry to protected, 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 be capable to participate in business-to-business conferences, see South Korean meals traits, 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 progress alternatives for shell eggs and merchandise, including that, on common, egg exports in latest many years have amounted to roughly 3.8 % of whole desk egg manufacturing yearly.
“America’s egg farmers have virtually actually saved their eggs multi functional basket — the U.S. home market,” Metz stated. “By means of 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 an important 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 admire the standard and reliability of U.S. meals and agricultural merchandise,” Beneath Secretary Taylor stated. “I’m excited to introduce the U.S. corporations and their numerous lineup of merchandise to this essential market. This week supplies a fantastic alternative to develop the partnerships and foster the collaboration which can be vital to facilitating the long-term relationships that can kind the idea for increasing U.S.-South Korea commerce. I’m assured the engagements deliberate right here in Seoul will ship mutually helpful outcomes.”
