Spam-maker Hormel Foods Corp is eliminating a growth drug banned by China from i...
) is eliminating a growth drug banned by China from its hog supply, the company said on Tuesday, joining rivals that are seeking to increase meat sales to Chinese buyers grappling with a pork shortage.
Hormel will not accept any hogs that have been fed or exposed to the drug ractopamine after April 1, the company said in a statement. “We have been actively monitoring the changing global market dynamics for several years and believe this decision will further position us to meet growing international demand,” Hormel said.
China is expected to buy more U.S. pork after agreeing to significantly increase imports of American farm goods as part of an interim trade deal reached last month with Washington. Beijing said it will grant exemptions on retaliatory tariffs imposed against 696 U.S. goods, including pork, that had hampered American exports.
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