China recently granted export licenses to some Argentine meat-processing plants to plug a pork supply gap as African swine fever (ASF) continues to devastate China’s pig herds.
Reuters reports that China’s custom office made checks on meat exporters in the South American country recommended by the Argentinian government but did not specify which companies were approved. China is also inspecting Argentine local meat plants and cattle ranchers in Argentina were looking to get more local meat-packing plants approved by Beijing.
Additionally, seven Argentina poultry plants have been approved by China for exports, according to the Embassy of Argentina in Beijing. China has also granted export licenses to 25 Brazil meatpacking plants.
The Chinese government has reported 39% total pig loss and the sow herd down 32% to date. Christine McCracken of RaboBank said, “We are still looking at over 50% of the Chinese pig herd to be lost by year end. The magnitude of this loss is hard to wrap your head around.”
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