European Union: COVID-19 Costs US Beef Exporters USD 100 Million of Lost High Quality Beef Sales to the EU in Quota Year 2020-21

  |   Attaché Report (GAIN)   |   E42021-0059

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European Union: COVID-19 Costs US Beef Exporters USD 100 Million of Lost High Quality Beef Sales to the EU in Quota Year 2020-21

The COVID-19 crisis and the closure of the European hospitality sector during much of the past year kept EU imports of U.S. beef into its High Quality Beef (HQB) quota well below availability. Unfortunately, despite a slight recovery of imports to almost 11,800 metric tons (MT), compared to the previous year, the increase in U.S. specific HQB quota, as agreed in 2019, only led to an increase in unused quota. This unused HQB quota availability of almost 9,000 MT is valued at roughly $100 million in lost export opportunities for U.S. beef exporters.

Exporting
Europe and Eurasia, European Union

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