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China’s Growing Hunger for Meat Shown by Move to Buy Smithfield, World’s Leading Pork Producer

June 6th, 2013 | by Earth Policy Institute

Pork is by far China’s favorite protein, which helps to explain the late-May announced acquisition of U.S. meat giant Smithfield Foods Inc., the world’s leading pork producer, by the Chinese company Shuanghui International, owner of China’s largest meat processor. China already buys more than 60 percent of the world’s soybean exports to feed to its own livestock and has been a net importer of pork for the last five years. Now the move for Chinese companies is to purchase both foreign agricultural land and food-producing companies outright



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