The U.S. Department of Agriculture said on Monday that commodity exporters must disclose sales of hog carcasses, giving officials and traders more insight into a surge of Chinese pork buying that has roiled global meat markets.
China’s pork imporhave nearly doubled this year as a fatal pig disease has decimated its herd and pushed prices of the country’s favorite meat to record highs. Its beef and chicken imports have also climbed as China is seeking to replace millions of pigs killed by African swine fever.
The USDA published a rule to specify that exporters must report sales of pork and beef carcasses effective immediately because pork sales to China were rising and there was “an apparent lack of commensurate reporting,” according to an emailed statement.
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