Brussels, June 19, 2024 – European consumers may soon face a potential rise in meat prices due to the looming ban on EU pork exports to China.
China has launched an anti-dumping investigation into pork and pork product imports from the EU in response to European tariffs on electric vehicle exports from the Asian country.
EU pork producers and processors are concerned that a ban on exports to China could lead to a surplus of pork on the European market and a drop in prices. This could incentivize them to reduce supply and subsequently increase prices for consumers.
Experts warn that the meat price hike could also affect other types of meat, such as beef and poultry. This is due to the interconnectedness of meat markets and the tendency of producers and processors to redirect production to areas with the highest prices.
What’s next?
The European Commission is monitoring the situation and is in contact with China in an effort to resolve the issue. European agricultural and food unions are calling for a diplomatic solution to the situation and for finding alternative markets for EU pork.
It is important for European consumers to prepare for the possibility of rising meat prices. They may consider stocking up on meat or looking for cheaper alternatives, such as fish or vegetarian products.
Additional Information:
- Current status: China has launched an anti-dumping investigation into pork and pork product imports from the EU.
- Potential impact: The ban could lead to a decline in pork prices in the EU and negatively impact European pork producers and processors.
- Next steps: The European Commission is in talks with China to resolve the issue. European agricultural and food unions are also working to find alternative markets for EU pork.
