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Sun 1 Oct 2006 04:00 AM

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Korea lifts US beef ban

South Korea has lifted its ban on US beef, which had been in place since 2003 following an outbreak of mad cow disease. The decision was based on recent inspections at US beef processing plants. South Korea’s authorities had agreed to resume trade in January 2006, but were not satisfied with safety procedures in place at its first inspections of US plants. But trade in US beef to South Korea is not likely to reach previous levels of US $814 million in 2003, as only boneless beef from cattle less than 30 months old is allowed to enter Korea. Previous US trade in boneless beef was worth about US $449 million.

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