China will raise import tariffs on most pork products next year, the finance ministry said on Wednesday, after the world’s top producer rapidly expanded domestic production and reduced its needs for imports.
France has signed an agreement with China to ensure pork trade can continue even if an outbreak of African swine fever occurs, in a breakthrough for European countries threatened by the pig disease.
China’s soybean imports rose sharply in November from the previous month, as more shipments from the United States arrived during the peak North American export season, customs data showed on Tuesday.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Supply-chain disruptions are hitting America’s meat producers and sending them scrambling for alternatives as they seek to care for farm animals and keep down costs.
The discovery of another case of ASF in farm pigs in Germany in an area previously free of the disease could make negotiations about lifting existing import bans with China and other major buyers more difficult.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
USDA said on Wednesday that nine pork plants can apply to operate faster processing-line speeds under a one-year trial, after a federal judge in March struck down a Trump-era rule that removed line speed limits.
China reported an outbreak of African swine fever (ASF) at a pig farm on Hainan island in the southern part of the country, the Paris-based World Organization for Animal Health said.
