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Chinese Pork Import Boom Continues into Q3

3 Nov 2016

• 3 Nov 01:31

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Chinese imports of fresh/frozen pork continued to be significantly elevated in Q3 this year, increasing by 160 per cent on the same period in 2015 to reach 516,000 tonnes. This takes import volumes for the first nine months of 2016 to 1.28 million tonnes, well over double last year’s figure. Chinese pork imports have escalated this year due to insufficient domestic production, following last year’s rationalisation of the breeding herd and the imposition of stringent environmental barriers hindering expansion. Strong demand for limited supplies drove the Chinese pork price to record highs in June, though it has subsequently declined, although. Read more...