MADRID, June 20 — China’s dumping probe into EU pork imports following duties slapped on Chinese EVs, caught Spain’s pig farmers on the hop this week, but the sector has...
Govt data shows mental disabilities on the rise in Malaysia; two doctors suggest parents’ fertility, diet, and infections among causes Spain supplied 22 per cent of China ’s imported pork in 2023, worth €1.2 billion , and stands to lose more than any of the bloc’s members from the probe into underpriced pork after the EU took aim at China ’s subsidised electric vehicle imports last week.
“This is a concern because the volume is significant, but it will not bankrupt the pork sector if the Chinese end up deciding to impose tariffs,” he added.The investigation was prompted by a complaint submitted by the China Animal Husbandry Association on behalf of the domestic pork industry, China said, without giving further details.
The EU on June 12 placed extra duties on Chinese EVs to combat what it said were excessive subsidies and to protect an industry worth more than €1 trillion, according to McKinsey & Company. The sector is ready to pivot to other markets again, as it did from Russia, said Alberto Herranz, director of Spain’s pork producers’ association Interporc.
While China remains its largest market, exports have since fallen and are expected to keep falling as China’s production returns to normal. Meanwhile, exporters are already making contingency plans, growing other Asian markets such as Japan, South Korea and the Philippines, according to ICEX data.
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