The doors to China’s pork market will soon be opened for the first time to Brazilian producers. Brazil’s Ministry of Agriculture announced the authorization from Chinese officials following the approval of three local pork processors.
Reuters reports that the announcement of opening access to the world’s largest consumer of pork addresses complaints from local manufacturers about the loss of market shares to low-cost Chinese imports.
“With the approval of the pig industries in Brazil, we’re fulfilling part of the mission that the president gave us to expand sales of products with higher added value,” Wagner Rossi, the Brazilian Minister of Agriculture said in a news release. “The strength of China’s growth shoes the potential of bilateral agriculture trade.”
Pedro Camargo, head of Brazil's pork exporters association Abipecs, estimated Brazil’s annual pork exports to China to reach 200,000 tons. Currently Brazil exports 540,000 tons of meat around the world.
Chinese officials did not specify which companies it plans to clear for imports. Officials export more meatpackers to be approved as both nations continue to improve their partnership.
Source: Brazil Ministry of Agriculture, Reuters