Imports surged to a record and remained at high levels through the first half of the year, even as the hog herd recovered and prices fell below production cost by the third quarter. Photo: Bloomberg
US pork producers ‘concerned’ as China raises import tariffs despite African swine fever, high demand
- Tariffs for most favoured nations will return to 12 per cent on January 1, from 8 per cent currently, according to a finance ministry statement on Wednesday
- China lowered its tariffs on frozen pork in 2020 as the country faced soaring domestic meat prices in the aftermath of a devastating outbreak of African swine fever
Imports surged to a record and remained at high levels through the first half of the year, even as the hog herd recovered and prices fell below production cost by the third quarter. Photo: Bloomberg
