China's pork imports jump 170% to record high in April

May 25 - China imported400,000 tonnes ofpork in April, up nearly 170 percent from a year earlier, as buyers seized the opportunity to store pork at low prices, customs data showedChina is the world's largest consumer of porkkEEChina imported 1
.35 million tons ofpork in the first four months of this year, up 170.4 percent from a year earlier, after a sharp drop in domestic production pushed pork prices well above other marketskEE
African swine fever has reduced pig stock in China by at least 40 per cent, cutting pork production and pushing pork prices to record highskEE
China has been importing pork from overseas markets such as the United StatesThe U.Sis one of the cheapest markets in the world for pork, which initially fell as the new crown epidemic began to spread in the U.S., dampening demandkEE
Although Chinese pork prices have been falling steadily since early February, they are still about twice the price of a year ago and three to four times the price of U.Spork in March U.S pork prices soared in mid-April as U.S factories shut down kEE
rising U.S pork prices could lead to a drop in imports in the coming month, while Chinese pork prices continued to fall due to weak domestic demand kEE
Us Department of Agriculture (USDA) said U.S pork exports to China hit a record high in the January-March kEE
China also imported 160,000 tons of beef in April, up 28 percent from a year earlier China's beef imports rose 54 percent to 680,000 tons in January-April, according to customs data kEE