Despite ongoing civil unrest in Egypt as a result of political elections, the country still remains a key market for U.S. beef, beef liver and variety meat exports, according to the U.S. Meat Export Federation (USMEF).
Through May, Egypt was this year's fourth-largest beef export market by volume at 59,170 metric tons – an increase of 12% from a year ago.
Dan Halstrom, USMEF senior vice president for marketing and communications, says that while the U.S. beef industry is understandably concerned about political unrest in Egypt, exports continue to move smoothly into the market.
"In regards to recent changes with the presidency and protests like this, the effect on the beef trade has been minimal at best," Halstrom noted. "Security through the Suez Canal and the ports in general have been good. Product continues to flow."
Halstrom also said that commercially, demand is still good and the ability to convert the Egyptian currency to U.S. dollar appears to be unaffected.
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