U.S. to resume Chinese chicken exports following approval for processing plants

25.11.2019 - Kulakov Vladimir
U.S. to resume Chinese chicken exports following approval for processing plants

U.S. to resume Chinese chicken exports following approval for processing plants

The U.S. moved closer to resuming lucrativce chicken exports to China after more than a hundred American processing plants were given approval to ship to the Asian nation.

China authorized poultry imports from 172 facilities in the U.S. effective Friday, according to a notice on the nation’s customs website. Chicken giants Tyson Foods Inc., Pilgrim’s Pride Corp. and Sanderson Farms Inc. were among the companies making the list, according to a document published by the U.S. Department of Agriculture’s Food Safety and Inspection Service.

American poultry exports to China are projected to top $1 billion a year, said U.S. Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue. At their peak, annual poultry exports to China were worth $722 million for chicken and $71 million for turkey, according to the National Chicken Council, National Turkey Federation, USA Poultry and the Egg Export Council.

The move comes after China had lifted its ban on U.S. poultry shipments earlier this month as part of trade negotiations between the ongoing U.S.-China trade deal. Beijing had banned U.S. poultry imports in 2015 following an outbreak of highly pathogenic avian influenza. The prohibition was kept even after nearly all other nationwide bans had been removed until recently.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?