Importing now easier as buyers can apply for 30-day waivers on duty. FMTNews USChicken Virus Poultry
Chicken has become a cheap protein substitute as China suffers a severe shortage.
While retaliatory tariffs were until recently a hurdle for US shipments, China is now giving duty waivers to buyers, Sanderson said.“There are no more issues at the ports or with trucking in China. All that’s moving freely.”China lifted a ban on US chicken in late November, and in December, the company shipped its first container of paws even with tariffs in place.
As the cheapest substitute for pork, chicken has been dubbed a winner. The closure of the wild-animals market will also help poultry demand, Sanderson said. “We are getting to a point where we won’t be able to sell any more product to China,” Sanderson said.Shipments of just chicken paws to China will boost earnings before interest and tax by US$65 million this year, with the majority of the gains seen in the third and fourth quarters, according to the company.US chicken is also experiencing higher domestic demand as sandwich wars between fast food restaurants are reaching a fever pitch.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump suspends 'all travel from Europe' to US for 30 daysNSTworld: US President DonaldTrump announced on Wednesday the UnitedStates will suspend all travel from Europe to the United States for 30 days starting on Friday. covid19 coronavirus
Read more »
Trump suspends all travel from Europe to US for 30 days | The Malaysian InsightTrump suspends all travel from Europe to US for 30 days
Read more »
Trump suspends ‘all travel from Europe’ to US for 30 daysWASHINGTON: President Donald Trump announced on Monday the United States would ban all travel from Europe for 30 days starting to stop the spread of t...
Read more »
China accuses US of 'provocation' after warship sails in disputed watersUSS McCampbell missile destroyer sailed near the Paracel Islands according to the People's Liberation Army. FMTNews USS
Read more »
China quarantine hotel collapse toll rises to 26 | The Malaysian InsightChina quarantine hotel collapse toll rises to 26
Read more »
WHO thanks China for donation and impressive anti-virus effortGENEVA: The chief of the World Health Organization (WHO) said on Tuesday (March 11) that Covid-19 cases in China have been in significant decline, following the country's 'impressive' efforts in containing the virus.
Read more »