Amount of meat in US cold stores growing due to trade dispute
According to a report in the business paper "Wall Street Journal", more and more meat is piling up in US cold stores. This is a consequence of increasing supply and falling demand in the course of the trade dispute, the paper reported on Sunday, citing experts.
pixabay/webandi
It is estimated that new statistics will show a record quantity of 2.5 billion pounds (1.04 billion kilos) of beef, pork and poultry. These statistics are not expected until Monday at the earliest.
The paper reported that consumers' appetite for meat is growing - but not fast enough to keep up with record production.
This made US meat production increasingly dependent on exports, but Mexico and China had both imposed special duties on pork from the US. This would make US meat more expensive on these markets.
Mexico and Brazil are among the largest importers of meat from the USA. Both countries levied the special duties in retaliation for US special duties on steel, aluminium and other goods./da/DP/he (dpa)
Other news from the department business & finance
Most read news
More news from our other portals
Last viewed contents
Vereinigung Österreichischer Milchverarbeiter (VÖM) - Wien, Austria
The Wild Boar Paradox - Finally Solved - Why wild boar meat still has higher radioactivity than other foods
Ball Intends to Cease Production at its Beverage Packaging Facility in San Martino, Italy
UN Food Systems Summit - Huhtamaki welcomes discussions around food waste, safety and accessibility
Coffee farming adapts in the face of climate change
Coca-Cola European Partners Expects FY17 Modest Low Single-digit Revenue Growth
