News Pigs
US pork sector retains access to Chinese market
The U.S. pork industry has secured its market access to China, the China National Pork Council (NPPC) announced Monday. At least 300 of the 1,000 slaughter and cooling facilities that had been in limbo will retain their access to the Chinese market.
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This weekend, it was announced that China had allowed the so-called Phase 1 agreement to expire, threatening to deprive around a thousand American processors of access to the Chinese market. The American pork and poultry sectors have now reached an extension agreement, Beijing announced. For now, however, it remains quiet about a possible agreement for the Chinese beef market.
By-products
In 2024, the United States will export 367.000 tons of pork to China, with an export value of $1,1 billion. The loss of the Chinese market would cause significant problems for the American pork sector. Like Europe, the United States is heavily dependent on China for its carcass processing. As much as 55% of American by-products are sold on the Chinese market.