Cargill Says China Offers Hope for Meat Markets Hit by Virus
- In China, protein demand is on the rise after lockdown hit
- In North America, company is shifting to supply grocers
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The meat and poultry shelves at grocers are running empty from Australia to Italy and the U.S. But Cargill Inc., the world’s largest agricultural commodity trader, says look to China for hope of a brighter future.
Frenzied buying has taken hold in many parts of the world where people are being asked to stay home to stop the spread of the coronavirus. Consumers are loading up on meat supplies to fill their freezers. But demand from restaurants is poised to drop as dining rooms are closed under lockdown orders.