August 27, 2008
Pork imports via Guangdong port in the first seven months of 2008 reached 139,000 tonnes with a value of US$140 million, up 7.8 times and 8.2 times on-year respectively, according to the General Administration of Customs on Monday (August 25, 2008).
Average import price climbed 4.2 percent to US$1,012 per tonne. While imports were on a high for the first seven months, total import volume had a slight decline in July. For June, Guangdong imported a record high of 33,000 tonnes of pork.
Most of the pork was imported from the EU and the US.
In order to meet domestic pork demands and mitigate rising prices, China lowered the import duty rate on frozen pork from 12 percent to 6 percent on June 1.