Meat Producer Danish Crown's Profit Slides, Hit by Chinese Pork Duties
Danish pig farmers' profits are being squeezed by Chinese tariffs on Europe, Danish Crown said on Friday after reporting net profit down more than 21% at 788 million Danish crowns ($122 million) for its financial year to September 30. Denmark's biggest meat producer and exporter said that gross profit had been hit by Chinese anti-dumping duties on European pork exports, adding that tariffs lead to reduced shareholder payouts.
"We really can't do much other than just absorb the 30% duties and try...
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