CHINA-ECONOMY: CHINA CONTEMPLATING PORK IMPORTS AS PRICES CONTINUE TO RISE
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Caixin Daily reported (September 17) that China is contemplating increasing purchases of pork from overseas, including the U.S. and the EU, as the government grows increasingly concerned about soaring prices. An unidentified Chinese government official was quoted as saying the need for more pork coincides with a potential move by Beijing to ease trade tensions with Washington by resuming imports of U.S. farm goods ahead of talks in coming weeks. Some of the pork would be added to state reserves. There’s no official target, though total imports of 2 million tons for the year would be considered ideal.
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