Asian AgriBiz homeVolume of US pork exports the China/Hong Kong market dropped 31% in May 2018, due in part to the additional 25% tariff imposed by China in April, a report by the US Meat Export Federation (Usmef) said. Exports only reached 34,191 tonnes for the month, down from 49,334 tonnes the previous year.Value for the period also fell 25% to USD 79.9 million. For the first five months this year, US pork exports to the region has reached 187,439 tonnes worth USD 436.4 million, down 18% and 6%, respectively year-on-year. Exports to China face an even bigger challenge in H2 2018, as China has hiked the tariff on US pork another 25%, meaning US pork cuts and pork variety meats now face a 62% duty, compared to 12% from China’s other suppliers like the EU, Brazil and Canada.
Friday, July 20, 2018
US pork exports to China/Hong Kong down 31%
From Asian AgriBiz: