China’s German Pork Ban to Cement U.S. as Top Overseas Supplier
- Buyers will also turn to Spain to make up for drop in imports
- Recovery in hog herd and state reserves to help cool prices
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China’s ban on German pork is set to cement the U.S. as the top overseas supplier of the nation’s staple meat.
An outbreak of African swine fever in Germany -- the same virus that’s slashed China’s hog herds and lifted its import requirements -- has led Beijing to halt pork purchases and destroy existing supplies from Europe’s biggest producer. That could cut imports by about 300,000 tons this year, said Wang Zuli, an adviser to China’s agriculture ministry.