February 6, 2015

Costa Rica's beef exports to China rise 707% in January-November 2014


The value of Costa Rica's beef exports to China jumped 707% to US$9.3 million during the period January-November 2014 from $1.1 million in the same period in 2013, according to the Costa Rican Cattle Corporation (Corfoga).

The rise was attributed by Corfoga executive director Luis Diego Obando to the livestock sector meeting China's quality standards for meat imports.

Obanda added that the outlook for the meat trade "is even more positive" as high international prices pushed Costa Rica's export value by 31.2% in 2014.

In April 2012, China allowed the entry of Costa Rican meat imports.

The nation's main meat export markets are the US, which is the biggest buyer of its beef, Puerto Rico, El Salvador, Jamaica, Honduras and Aruba.

While rising sales have improved Costa Rica's trade balance for beef, meat imports reportedly fell 8.2% to 3,831 tonnes last year from 4,175 tonnes in 2013.

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