18 Jun 2024
Rival pork exporters could benefit from China-EU trade tensions
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SINGAPORE, June 17 (Reuters) – Pork suppliers from South America and the U.S. could gain market share in China if Beijing restricts imports from the European Union in response to escalating trade tensions, traders and analysts said.
Russia, increasingly a close trading partner of China that started exporting pork to China in February, could also step up meat shipments.
Also:
- EU pork industry faces ‘nightmare’ if China restricts imports
- China firms seek anti-dumping probe of EU pork imports, ramping up tensions
- Spain Calls for Talks to Avoid Tariffs on EU Pork Exports to China
China’s commerce ministry said on Monday it had opened an anti-dumping investigation into imported pork and its by-products from the EU, after the bloc imposed anti-subsidy duties on Chinese-made electric cars.
Any impact on EU exports will take time to emerge. China has said the investigation could last more than a year.
“Brazil, Argentina and the U.S. can export more pork and offal to China if exports from the European Union are restricted,” Pan Chenjun, a senior analyst at Rabobank in Hong Kong, said.
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