China has been boosting meat imports to offset losses of pork from a raging fever that’s killing its domestic hogs. This week, the country is signaling it still wants more.
China’s Cofco Corp. inked an deal with Europe’s top meat processor for pork purchases through 2020, and the Asian country lifted a ban on Canadian pork and beef that was imposed in June. It also approved imports of Brazilian offal, which includes byproducts like organs, potentially a $2 billion annual market. Meat giants like JBS SA and BRF SA can start shipments immediately. Last month, China signaled it may lift a ban on U.S. poultry exports.
