Economics
China Cancels Most U.S. Pork Ever After Coronavirus Port Woes
- U.S. data shows China cutting purchase of 45,000 tons of meat
- Imports piled up at Chinese ports after coronavirus outbreak
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Chinese buyers canceled a record amount of U.S. pork last week after imports were piling up at the Asian giant’s ports amid the coronavirus outbreak.
China cut purchases of 45,200 metric tons of pork, according to weekly data from the U.S. Department of Agriculture. That’s the most ever in data that began in 2010. The cancellations were partially offset by sales to Canada, Mexico and Japan, resulting in an overall net reduction of 26,600 tons.