Top Stories
Top Stories

Argentina approved to export pork to China

Eliana Raszewski

BUENOS AIRES, April 30 (Reuters) - Argentina announced on Tuesday it had struck a deal with Chinese authorities that would allow it to begin exporting pork to the Asian giant from 25 of the country's meat-packing plants.

The South American nation has been pushing to increase agricultural trade with China to help bolster Argentina's trade balance amid increasing volatility of its peso currency.

The rapid and continuing spread of the African swine fever in China has raised concerns about a looming pork shortage in the world's top producer and consumer of the meat.

"We have obtained approval to export pork to China, one of the world's top consumers 1/8of the meat 3/8," Argentine President Mauricio Macri said on Monday.

Argentina also has been pushing to export higher-margin domestically processed soy meal to China, although it has faced resistance from Beijing.

Argentine exports to China last year reached $3.48 billion, more than 86 percent of which were from the agricultural sector. (Reporting by Eliana Raszewski Writing by Dave Sherwood Editing by Bill Trott)