Top stories for Feb. 13
Red meat exports saw double-digit growth in 2008
Pork achieved its 17th consecutive year of increased export numbers in 2008, and beef and lamb products also grew, according to the U.S. Meat Export Federation. In 2008, pork exports grew 57 percent to more than 4.5 billion pounds, and its value grew 55 percent to nearly $4.9 billion.
Erin Daley, USMEF economist, said that the key export markets for
There are several countries that are areas of concern, Daley noted. “With 35
Store-brand product sales growing
The Private Label manufacturers Association announced that more than 30 percent of customers polled in a new study indicated they were buying more store-brand products compared to a year ago. The study also showed that nearly three out of four say current economic conditions are important in deciding to buy more private-label products, and that the percentage of people who buy private-label products “frequently” has grown to 55 percent, up from 41 percent in 2006 and 12 percent in 1991.
The results of the study were published in PLMA’s “Store Brands and the Recession” report taken of nearly 800 main household grocery shoppers, conducted by GfK Custom Research North America. The study also indicated that more shoppers are going beyond traditional supermarkets for their main grocery shopping and visiting more stores to get the lowest prices. Nearly half the respondents said they expect to prepare more meals at home.
Source: Private Label Manufacturers Association
Brazilian beef exports drop 35 percent
Brazilian beef exports dropped 35 percent in January, compared to the same period last year. The Brazilian Beef Exporters Association reported the country’s meat producers shipped 90.2 million tons of product, down from 137.5 tons for January 2008. The export sector took in $256.7 million for its January shipments, down 45 percent from 2008.
According to AP reports, Otavio Cancado, BBEA executive director, said that the drop is due to frozen credit for international beef buyers and is not tied to a drop in global consumer demand.
Source: Associated Press