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Thread: American Pork is going to be imported into China

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[quote=ROGERINCA,245249]Smithfield Foods, is the world’s largest pork processor and hog producer, with revenues exceeding U.S. $11 billion in fiscal 2006.  The company HQ is located in Smithfield, Virginia USA.

They have dozens of major American brand names within their corporate umbrella.

Most of the pork produced in the USA and Canada for that matter, is very high quality with lower fat content. The price quoted US $ 5.20 to $6.60, (40 to 50 RMB) per half kilo (approx. 1 pound) is a little higher than the average retail price per pound in the USA.  I still prefer beef to pork and eat more beef steak than that of any pork products.

Depending on the cut of meat, some pork can be had for as little as $3.50 per pound, sometimes a little lower when on a special sale; with higher quality cuts of superior pork chops, going for as much as $6.00 to $7.00 per pound at some stores in America.

Both pork and beef prices have risen in the US over the past few years, due to the increase in feed grain prices, and other fuel related production and transportation costs.

Accordingly, those Chinese, who are more affluent, and like high quality products, my be more willing to buy the higher priced USA pork.

Key: 1 kilo = 2.2 pounds (lbs) ½ kilo = 1.1 pound (lb).

Exchange: @ 7.55 RMB  100 RMB = $13.20 and  50 RMB = $6.60
(approximate)

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