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MOSCOW, Aug 19 (Reuters) – Russian pork producers are aiming to capture 10% of China’s pork import market in the coming years from a standing start, seeking to take advantage of trade tensions between the European Union and China, the world’s biggest pork consumer.
Russia did not export any pork to China until February, when Beijing authorised three Russian producers to sell pork into the $3.5 billion Chinese import market, which is dominated by EU producers with a 51% share.
Summary
- Russia started pork exports to China in February
- Aims to take 10% of China’s $3.5 bln import market
- Brazil, others also take aim at Chinese market
The trade adds to the growing economic ties between Russia and China in the face of increasing sanctions against both countries by the West. The EU recently set provisional duties of up to 37.6% on electric cars imported from China to counter what it says are unfair subsidies.
In response,
China named Danish, Dutch, and Spanish pork firms as targets in an anti-dumping probe.
“For us, these trade tensions represent a chance to showcase our competitiveness in the Chinese market,” Yuri Kovalyov, the head of Russia’s National Union of Pig Breeders, told Reuters, adding that producers were not seeking to exploit the tensions on purpose.
Olga Popova and Gleb Bryanski | Reuters
Also:
Boosting pork exports to Southeast Asia: Russia launches the Meat Shuttle
First shipment of Russian pork arrives in China
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