U.S. continues leadership in pork exports
Total exports to China and Hong Kong reached 544,943 tonnes valued at $1.08 billion, according to the U.S. Meat Export Federation (USMEF).
“For this year, we see Chinese pork prices to be slightly lower than 2016, which will affect imports from all sources,” Joel Haggard, Senior Vice President for Asia Pacific, told Asian Agribiz.
On the other hand, he said, more U.S. companies are switching to China-compliant production methods, which will expand capacity of the U.S. pork industry to meet Chinese demands.
"Also, as European prices rise, the US will find itself more competitive from a price standpoint as U.S. pork production is set to increase again this year." ■