The China Meat Association (CMA) said the nation should stick to an open policy for the pork sector, in response to a public call to boycott imported pork products to protect the local industry. The arguments emerged in early April after WH Group, the Chinese owner of Smithfield Foods and the world’s largest pork company, said hog prices in China are too high and should decline by a half. WH Group has seen its 2015 net profit up 17.5% by expanding imports of US pork via Smithfield.
China’s pork imports in 2015 rose 12.9% to 1.6 million tonnes or just 2.8% of local pork production last year. “Imported pork is competitive for its high quality and low prices,” the CMA said, adding that a lower stock of hogs has caused the high price of locally-produced pork.
(Source – http://www.blackseagrain.net/novosti/china-meat-association-defends-pork-imports)