Tuesday , January 25 2022

China announces cancellation of purchase of American pork, 15 days later forced to re-enter for this reason-News


In China, pigs carry the symbol of wealth. 2019 was the year of the pig to be prosperous, but African swine cholera led to China's refusal.

According to the SCMP, the virus, which has no effect on that person, has spread to 32 administrative regions from 34 regions in China since August018, affecting heavily 348 million pigs, according to Rabobank.

"We expect China to lose 40% of the herd this year and maybe 50% by the end of the year," the Dutch bank estimates. "China's pork production continues to decline by 10-15% by 2020"

The epidemic has killed 20% of the world's swine herd, forcing China to actively import pigs from the US, Europe and Brazil.

According to data released on August 15 by the USDA, China bought the largest amount of pork in the US last week in the last 7 weeks.

Please purchase a new, 15-day purchase immediately after this micro hybrid adapter - 1

China desperately needs American pork to help offset the domestic market deficit.

The country, which consumes half of the pork in the world, purchased 10 211 tons of pork in the United States between August 2 and 8, in the context that the disease continues to kill pig herds in China.

Analysts say buying pork is a sign that China must buy meat from the US to make up for the shortage of domestic supplies to millions of pigs killed by the infection. describe the African pigs.

The United States is now the second largest producer of pork and the largest exporter of pork. It is estimated that pork exported to China in the second quarter of this year doubled to 60,898 tonnes.

David Ortega, an economist at the University of Michigan, said the United States can fully respond to the growing demand for pork in China, helping to cool the trade war.

Canada, another country specializing in pork exports, exported a total of 217,193 tonnes to China in the first 6 months of 2019, up 50% from the same period last year.

But since June 25, China has stopped importing meat from Canada, ordering ractopamine, banned supplements.

The Government of Canada has stated that the shipment may come from a third party and that the certificate may be forged.

This means that at present China still has to depend on the amount of pork imported from the US while still actively seeking other markets.

In early August, China announced that it would cancel the purchase of US pork and agricultural produce due to a $ 300 billion 10% tax on Chinese goods.

But after only 15 days, Beijing had to import pork from the United States. In the meantime, although China no longer buys American agricultural products, the quantity of pre-ordered grain continues to be placed on board and shipped to China.

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According to Dang Nguyen (Dan Viet)

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