In this file:
· China's German pork ban goes global
… Brazil, South Africa, Mexico, Argentina and Singapore have joined China, South Korea and Japan in banning pork imports…
· Pork export bans lead to pork price drops and ‘massive uncertainty’ in Germany
… the pork and meat market is experiencing ‘massive uncertainty’, with many unanswered questions…
China's German pork ban goes global
About: Tyson Foods, Inc. (TSN)
By: Clark Schultz, Seeking Alpha
Sep. 14, 2020
o Brazil, South Africa, Mexico, Argentina and Singapore have joined China, South Korea and Japan in banning pork imports from Germany due to the risk of African Swine Fever, according to Bloomberg.
o The disruption in the pork industry could create demand ripples for Tyson Foods (TSN), Pilgrim's Pride (PPC), Smithfield (OTCPK:WHGLY) and JBS (OTCQX:JBSAY) if it broadens, although some analysts think the development is largely political ahead of an upcoming video meeting between Chinese president Xi Jinping and German Chancellor Angela Merkel.
o "Beijing wants to give Berlin a warning shot...
Pork export bans lead to pork price drops and ‘massive uncertainty’ in Germany
By Alistair Driver, Pig World (UK)
September 14, 2020
Export bans imposed by various non-EU countries have led to a ‘sharp drop in prices in Germany, according to German pig industry organisation ISN.
So far China, South Korea, Japan, Singapore, Argentina and Brazil have banned pork products from Germany following the loss of its African swine fever-free status, meaning the necessary veterinary certificates can no longer be issued for export clearance, ISN said.
As a result, the pork and meat market is experiencing ‘massive uncertainty’, with many unanswered questions about the impact on the market development, ISN said.
ISN managing director Dr Torsten Staack said it was now important to ‘quickly create alternative marketing opportunities’ for meat.
“The markets now have to rearrange themselves. In view of the current price level, from our point of view it should actually be possible to open other sales valves in a timely manner,” he said.
“It is all the more important now that the accompanying negotiations with third countries are continued in order to find solutions for opening up the now blocked markets.
He said the organisation was ‘currently working flat out at the highest level’ and was in discussion with the responsible ministries and authorities at federal and state level.
ASF measures ...