South Korea is currently the leading value market for U.S. beef exports, with shipments on pace to possibly reach $3 billion in 2022. But rising food prices are a concern in Korea, and the government is taking steps to ease the burden on consumers. As part of this effort, Korea recently opened a 100,000 metric ton duty-free quota on imported beef, open to all eligible suppliers.
U.S. Meat Export Federation Vice President for Economic Analysis Erin Borror explains that the quota includes 25,000 mt of chilled beef and…
