China renews licences for hundreds of US beef exporters amid Trump-Xi summit

China renews licences for hundreds of US beef exporters amid Trump-Xi summit

By Daphne Zhang, Lewis Jackson and Ella Cao

Reuters

BEIJING, May 14 (Reuters) - ‌China has renewed export licences for ‌hundreds of U.S. beef processing plants, customs ​data showed, including plants owned by Tyson Foods and Cargill, as the two countries' leaders met in Beijing on Thursday.

More ‌than 400 ⁠U.S. beef plants lost export eligibility over the past year as ⁠permissions that Beijing granted between March 2020 and April 2021 lapsed, according ​to Chinese ​customs data, accounting ​for roughly 65% ‌of the once-registered facilities.

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Beef exports to China collapsed last year after the registrations for most U.S. beef plants in China expired on March 16.

Over the ‌year, volume dropped ​48% from 2024 and ​export value ​plunged 69%, according to the ‌U.S. Meat Export Federation's ​USDA-based report. ​U.S. beef exports to China peaked at $1.7 billion in 2022.

(Reporting by ​Daphne Zhang, ‌Ella Cao, and Lewis Jackson ​in Beijing; Editing by Muralikumar Anantharaman ​and Kate Mayberry)

 

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