Friday, November 15, 2019

"U.S. poultry is flocking back to China."

Jonathan Garber reports in Fox Business,
Beijing on Wednesday lifted a ban on U.S. poultry and poultry products that has been in place since January 2015, and chicken-producer Tyson Foods rallied on the news.

The decision paves the way for the export of more than $1 billion worth of poultry and poultry products to China each year.

It's “great news for both America’s farmers and China’s consumers,” U.S. Trade Representative Robert Lightheizer said in a statement. It “will create new export opportunities for our poultry farmers and support thousands of workers employed by the U.S. poultry industry,” he added.

U.S. poultry was banned in China following a December 2014 avian flu outbreak, and the prohibition had remained in place despite American poultry being declared disease-free in August 2017.

The United States is the world’s second-largest poultry exporter, behind Brazil, shipping more than $4.3 billion of product last year, according to the Office of the U.S. Trade Representative.
Read more here.

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