The latest data from Chinese Customs shows that China imported 115,000t of pork in March 2016.
The latest data from Chinese Customs shows that China imported 115,000t of pork in March 2016. This is a phenomenal result, and twice the volume imported one year earlier in March 2015. Domestic pig price is high, but domestic producers are finding it hard to take advantage as new environmental regulations are restricting expansion. No dampening of prices The Chinese ministry of commerce and 12 local governments have released 150,000 additional tonnes of pork reserves onto the market. According to the US Department of Agriculture (USDA), the influence of the Chinese stock programme is ‘insignificant’. (Source, Pig
No dampening of prices The Chinese ministry of commerce and 12 local governments have released 150,000 additional tonnes of pork reserves onto the market. According to the US Department of Agriculture (USDA), the influence of the Chinese stock programme is ‘insignificant’. (Source, Pig Progess)