December 28, 2007
China's pork demand to impact success of US pork industry
US pork industry players eye on Chinese demand to significantly impact on the success of US pork trade in 2008.
US counts on robust demand from China after the country's pork industry was afflicted with livestock disease and is currently undergoing structural adjustment.
China is battling with record high pork prices, as its pork inventory is barely keeping up with demand, said Fiona Boal, executive director of Rabobank's Food and Agribusiness Research in North America.
Pork prices in China skyrocketed by 60 percent from one year ago.
Boal said Chinese officials have drafted policies to stimulate the domestic supply of pork.
The US expects to export over 150,000 tonnes carcass weight pork to China and Hong Kong next year.
