By Lucy Craymer and Jacob Bunge Sept. 23, 2019 7:02 am ET China is on a global meat-buying spree, pushing up beef, pork and poultry prices around the globe as the world’s most populous nation scrambles to fill a large void in its meat supply.
China’s world-wide hunt for meat means that in Melton Mowbray, a British town of some 27,000 people known for its pork pies, prices for the thick-crusted pastries are going up. The U.K.’s Agriculture and Horticulture Development Board, a farmer-funded body, in September said Chinese demand helped push domestic hog prices to their highest level since November 2017.
American shoppers so far haven’t felt much price impact from China’s meat purchases, but that could soon change. December-dated U.S. lean hog futures have climbed 4.5% so far this month, rising after Chinese officials said the country could exempt U.S. pork and some other agricultural goods from punitive tariffs, though President Trump on Friday said the U.S. didn’t need to complete a trade agreement with China before the 2020 election.
As domestic pork prices have jumped as much as 50%, there have been some attempts by Chinese government officials to ration pork or encourage people to buy chicken and other meats instead. Chinese importers are looking to buy three times the amount of meat they usually purchase, said Patricio Rohner, BRF’s international vice president. Brazilian consumers are paying more for chicken as a result and further price increases are possible, he said.In neighboring Argentina, where many consider beef a way of life, some locals are going without the red meat as prices surge.
Haven’t they heard eating meat is horrible for the climate?! Said with a lot of sarcasm!!!
Boneless spareribs are going to peak soon.
Shameless Communist Party
IFMA2020
Deliberately-picked picture
Drew china
Boycott sales to China until CCP are gone, subsidies to help farmers
Horde imposition.
I see that the 'MEAT INDUSTRY' is playing the same game that the 'OIL INDUSTRY' uses to scare investors. Just a ploy to legalize price gouging.
Didn’t they hear that they should be buying LESS meat because of climate change I’m guessing that while fat-shit Americans are being told to cut back to one burger a day (an impossibility for Americans), China is not a factor in us solving this whole “climate change” thingy.
mniej zjemy,będziemy zdrowsi
Strange! I purchased some meat Friday and the prices were the same as last month
The difference of CHINA is INDIA that possess its populations in the house of billions of people is the financial power of the consumer market.
China need to start eating engineered animals Their demand for exotic meats has put species on the endangered list, demand for fresh water is draining the Everglades, now this?!
Oh boy !
China loves all meats, like eating anything other than a chair on the four legs
So that’s why my grocer’s meat dept has sucked so bad lately 🤣
let the vegans go and storm the markets :P
xicograziano olha o brasil ai ... secomvc TerezaCrisMS