Argentina agrees to allow first US pork imports in 25 years
(This version of the Aug. 17 story, corrects 6th paragraph to 1.25 million metric tons valued at $3.21 billion not 200,229 metric tonnes valued at $527.1 million.)
WASHINGTON (Reuters) - Argentina has agreed to allow imports of U.S. pork products for the first time since 1992, the White House said in a statement on Thursday.
Argentina had blocked imports of U.S. pork, citing animal health concerns. The United States is the world’s top pork exporter, and the agreement opens up a potential $10-million-per-year market for U.S. pork producers, the statement said.
The agreement follows a meeting between U.S. Vice President Mike Pence and Argentine President Mauricio Macri in Buenos Aires on Tuesday.
The United States exports roughly 27 percent of the pork it produces, making it highly dependent on foreign markets at a time when hog supplies are growing seasonally.
Japan, Mexico and Canada are the top three destinations for U.S. pork.
From January to June of this year U.S. pork exports totaled 1.25 million metric tonnes valued at $3.21 billion. (U.S.), according to U.S. Department of Agriculture data compiled by the U.S. Meat Export Federation (USMEF).