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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

China Increases Meat Imports

09/03/2019

As a result of the “pigocalypse” following the emergence of African swine fever, China is increasing meat imports according to an article by Nathaniel Taplin in The Wall Street Journal on August 31st. Meat imports in July amounted to $1.7 billion up 90 percent from the corresponding month in 2018. Due to the 50 percent duty placed on pork originating in the U.S., domestic pork producers did not benefit from increased demand in China during the first half of 2019.

 The demand for animal protein in China has been supplied by other nations creating opportunities for U.S. exporters in non-traditional importing nations. In dollar value, U.S. meat exports were higher by 8.3 percent during the first half of 2019 compared to the previous year. Given that it will take at least three and possibly five years to restore pork production in China and assuming introduction of an effective and safe vaccine against ASF, import demand will continue for the foreseeable future. With either relaxation of tariffs or resolution of the trade conflict between the U.S. and China, domestic meat producers would benefit. It is ironic that Smithfield Foods, a major pork producer is owned by the WH Group of China.


 
Copyright 2019 Simon M. Shane