ANALYSIS-Pig pandemic adds to German pork sector pain as exports banned [Reuters]
Tyson Foods, Inc. (TSN)
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Source: Reuters
By Michael Hogan , Nigel Hunt 6 Min Read * U.S. among rivals hoping to replace German exports * Germany may struggle to find buyers for ears, noses, feet HAMBURG/LONDON, Sept 15 (Reuters) - An outbreak of African Swine Fever threatens to keep German pork locked in the European Union with China, South Korea and Japan all banning shipments, a major setback in an already challenging year for meat producers following COVID-19 outbreaks at plants. German wholesale pig prices fell 14% on Friday after a case of ASF was found in a wild boar in the east of the country and major buyers on the international market quickly responded by banning shipments from the EU’s top producer in what was due to be a big sales year. In China, the world’s biggest pork producer, the disease caused hundreds of millions of pigs to be culled and raised imports of protein from other sources. German pork exports to China are worth around 1 billion euros ($1.2 billion) annually, and volumes had doubled in the first f
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TSN
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TSN
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