NPPC Urges $3.5 Billion Chinese Pork Purchase
With Chinese officials in Washington to discuss trade relations, the National Pork Producers Council today urged the United States and China to quickly resolve their trade differences and asked the Asian nation to make a minimum $3.5 billion purchase of U.S. pork over the next five years.
China is the largest consumer of pork in the world, making it a top market for U.S. pork exports over the past several years. (The U.S. pork industry in 2017 shipped $1.1 billion of product there, making it the No. 3 export destination for U.S. pork.) Pork is said to represent about 15 percent of the Consumer Price Index in China and could single-handedly make a huge dent in the U.S.-China trade imbalance.
“China has been a tremendous market for U.S. pork and, absent numerous trade barriers, probably would be...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.