×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: china | pork | virus | plants

China Makes Biggest US Pork Order of 2020 as Virus Hits Plants

China Makes Biggest US Pork Order of 2020 as Virus Hits Plants
(Ginasanders/Dreamstime)

Thursday, 07 May 2020 03:26 PM

China is ramping up imports of U.S. pork, going against the trend as America’s meat exports have slowed overall with sick employees limiting production at meatpacking plants.

The world’s top pork consumer booked 40,200 metric tons of American meat last week, the Asian country’s largest order since October, U.S. Department of Agriculture data showed Thursday. The sales came as some U.S. stores have started rationing meat and prices for both U.S. pork and beef have risen sharply.

U.S. meat output dropped by more than 30% last week amid slaughterhouse closures. Meanwhile, as the Chinese economy has started to gain traction after its coronavirus lockdowns, importers there are increasing purchases of all U.S. agriculture goods as part of the trade-deal pledge to buy billions more this year.

In addition to the large pork order, exporters also sold cotton, soybeans, sorghum and a small amount of U.S. beef to China.

The two countries will meet as soon as next week on the progress of the trade deal, people familiar with the matter told Bloomberg.

© Copyright 2021 Bloomberg News. All rights reserved.


Markets
China is ramping up imports of U.S. pork, going against the trend as America's meat exports have slowed overall with sick employees limiting production at meatpacking plants.
china, pork, virus, plants
172
2020-26-07
Thursday, 07 May 2020 03:26 PM
Newsmax Media, Inc.
More Articles
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved