AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

China has approved the import of all poultry products from the United States, the Ministry of Agriculture and Rural Affairs said on its website on Monday, including breeding birds in addition to poultry meat approved late last year.

Beijing had banned all trade in poultry products from the United States since 2015 due to outbreaks of avian influenza there. But it lifted the ban on poultry meat imports in November 2019 as a concession to the United States ahead of finalising a limited trade deal.

The new announcement would also allow for the import of live birds, said Li Jinghui of the China Poultry Association, benefiting companies including Aviagen and Cobb-Vantress Inc, both based in the United States and among the world's biggest poultry breeding companies.

Nobody at the China offices of Aviagen or Cobb could immediately be reached by phone. Imports of live poultry from the US were worth $38.7 million in 2013, dwarfed by other poultry products such as chicken feet.

However, the US ban had a significant impact on China's poultry producers, who needed the breeders to replenish their stock. Opening up imports of live birds again is part of the trade deal, said Li, although he added that it may not have a major impact.

Both Aviagen and Cobb have increased production of their birds, known as 'grandparent stock', in other locations such as New Zealand to meet demand from China. Two of China's leading poultry firms, Shandong Yisheng Livestock and Poultry Breeding Co Ltd and Fujian Sunner Development Co Ltd., have also begun their own breeding programmes to reduce their reliance on imports.

China is the world's second-largest poultry producer and has been ramping up output to fill a huge meat shortage after a disease epidemic decimated its pig herd. But prices have plunged in recent weeks because of measures taken by Beijing to tackle a coronavirus outbreak that has killed more than 1,700 people.

Restrictions on moving livestock and extended holidays in many areas have paralysed the supply chain, leaving farmers stuck with large inventories of birds and eggs and slashing demand as restaurants and canteens stay shut.

Containers of frozen chicken feet from the US have also been caught up in the logistics logjam, with many diverted away from China because of a lack of capacity to store additional cargoes.

Copyright Reuters, 2020

Comments

Comments are closed.