South Korea announced the resumption of beef imports from the US.
The ban lasting three-years was due to detections of BSE (mad cow disease) in the US. 36 US slaughterhouses have been approved to handle meat for export to South Korea. They will be notified on Monday September 11, and product can start to be sold in the South Korean market 25 days later (from 6 October).
It is assumed that the re-entry of the US to the South Korean market will damp down the hope of the Australian beef industry for the exports to South East Asia.
After the BSE outbreaks and the resulting bans Australian beef exporters bridged the gap that were occuring. The Australian industry is confident of being able to compete with the US suppliers in the future, too.