Livestock Tariff on Imported Pork Set to Rise to Help Domestic Industry Even with China’s national reproductive sow inventory falling to 43 million head in November, the fifth consecutive drop, officials remain concerned about excess supply. The Ministry of Finance announced this week that the tariff on imported pork will increase to 12 percent in 2022 from the current level of 8 percent, as the country’s domestic pork supply has surpassed its African Swine Fever (ASF) recovery goals. Through the Ministry of Agriculture and Rural Affairs (MARA), the central government has also set new reproductive sow inventory goals by province/major city and an alert level of 37 million head as a floor, which represents 90 percent of the 41...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.