China will raise its tariff for pork imports by four percentage points to 12% at the start of next year, according to an official announcement by the country’s Finance Ministry on Wednesday.
This is another cause for angst among meat exporters as shipments to China have dwindled this year due to surging domestic hog supply and a simultaneously slumping pork price in China.
“There are plenty of hogs domestically… There is no need for imports,” said one China-based soymeal trader.
The size of the ...