Portugal receives approval to export pork to South Korea and China
After a long process of negotiations between Portugal and South Korea, 10 Portuguese companies have finally been allowed since 19 September to export pork to South Korea, as confirmed by local authorities at the Portuguese Embassy in the market.
The Portuguese authorities see great potential in the South Korean market. The South Korean pork imports in 2017 reached 489,510 tonnes and by August 2018 they had already reached 389,135 tonnes.
Furthermore, last week, the Portuguese Federation of Pig Industry Associations has announced that the country has reached an agreement with China to export pork. The association believes that with this new trade agreement, Portuguese pork exports will double in 2019 and will continue to increase, three years after the industry's biggest crisis, as reported by Confagri.
"With China, which is the largest producer in the world and the largest importer and consumer of pork, the negotiations are almost complete and our expectation is that in the first quarter of 2019 it will be possible to start exporting to China," said David Neves, vice president FPAS.
In a first phase, Portugal will export more than 1,000 tonnes of meat per year, around 15% of the production, and will double this amount in a second phase.
"We are talking about exporting 200 million euro worth of pork per year to China, in the second phase, which will represent 25 to 30% of the national production," he added. Mr. Neves believes that the opening of this new market represents a strong stimulus for the expansion and growth of the swine sector in Portugal.
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