China Makes Biggest U.S. Pork Order of 2020 as Virus Hits Plants
(Bloomberg) — China is ramping up imports of U.S. pork, going against the trend as America’s meat exports have slowed overall with sick employees limiting production at meatpacking plants.
The world’s top pork consumer booked 40,200 metric tons of American meat last week, the Asian country’s largest order since October, U.S. Department of Agriculture data showed Thursday. The sales came as some U.S. stores have started rationing meat and prices for both U.S. pork and beef have risen sharply.
U.S. meat output dropped by more than 30% last week amid slaughterhouse closures. Meanwhile, as the Chinese economy has started to gain traction after its coronavirus lockdowns, importers there are increasing purchases of all U.S. agriculture goods as part of the trade-deal pledge to buy billions more this year.
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