Tariff Quote Watch: WH Group Charges Ahead, JBS Reverses as China’s Hunger For Pork Expands — Panjiva
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Tariff Quote Watch: WH Group Charges Ahead, JBS Reverses as China’s Hunger For Pork Expands

Ags - Meat/Dairy 162 China 2150 Consumer Staples 500 Tariff Quote Watch 186 Tariffs 1483 U.S. 3910

WH Group reported an 8.5% growth in net income in 3Q as the result of surging sales in China of hogs imported by the food processor from the U.S. The firm’s CFO, Lijun Guo, expects that “we are going to see some historical peak figures in relation to importation”. The challenge of swine flu in China – and need for imports from the U.S. – may offset the strictures of tariffs on U.S. exports. Total U.S. pork exports to China jumped 654% year over year in August and reached a record high in the three months to Aug. 31. The growth in seaborne shipments slowed in September, though shipments a...

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