Buyers in the world’s biggest hog producer and pork consumer struck deals for the meat despite import tariffs of 62 percent imposed by China on U.S. pork as a consequence of the trade war between the two countries.
The duties had slashed China’s imports of U.S. pork from companies such as WH Group Ltd’s Smithfield Foods since last summer.
The sale of 23,846 tonnes of U.S pork in the week ended March 7 comes after a months-long outbreak of African swine fever in China that has spread to 111 confirmed cases in 28 provinces and regions across the country since August 2018.
Pork is one of the most popular proteins in China. Rising living standards have only boosted demand for what many people consider to be a staple and with so many pigs dead from disease there is a shortage.Click HERE to subscribe to Fuller Treacy Money Back to top