Market Chatter: Tyson Foods, Meat Producers' China Export Registration

MT Newswires Live
17 Mar

Tyson Foods (TSN) and other US meat producers are in danger of losing billions of dollars in Chinese revenue after Beijing allowed their registration status of their export permit to expire, Reuters reported Monday.

The registration statuses for US pork, beef and poultry plants were changed from "effective" to "expired," Reuters reported the website of China's General Administration of Customs as saying.

A halt to exports from the US could lead to losses for American companies, Reuters reported.

The US last year was the second largest meat exporter by value and third largest by volume to China, the largest importer of meat in the world, the report said.

Tyson and the General Administration of Customs did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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