On June 17, Chinese Ministry of Commerce issued an announcement stating that it would initiate an anti-dumping investigation on imports of related pork and pork by-products originating from the European Union. In the short term, it will benefit the domestic price of frozen pigs, because the current domestic imports from the European Union are mainly pork by-products; in the medium and long term, it will benefit the domestic price of pigs, but considering that the total amount of domestic pig imports accounts for a relatively low proportion of the total supply, the actual impact will be limited. On the contrary, the impact on the European Union is greater.
China is the main export destination for European pigs. As European consumption shifts from red meat to white meat, it will have to rely on exports to digest the local production of the European Union. Due to differences in food culture and habits, it is not easy for Europe to open up other new markets, and the price of pigs is not competitive, while the supply of local pigs in the Americas is sufficient. Therefore, changes in my country's import policy on related pork and pork by-products from the European Union will benefit other export competitors such as Brazil, the United States, and Canada, while it will deal a heavy blow to the local pig farming industry in Europe.