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US Pork Industry Seeking Subsidies

by 5m Editor
26 August 2009, at 9:37am

US - The US pork industry is hoping to be the next sector to benefit from increased government assistance.

The National Pork Producers Council has asked the US Department of Agriculture to spend almost $300 million buying American pork, reports ABC.

Despite the industry's woes, US pork is gaining market share in Australia, with North American imports rising about 30 per cent so far this year.

But if the latest request is approved, Robobank analyst Wendy Voss says it won't just be Australia's pig farmers who feel the pain.

"The way it's looking at the moment, (the support package) could draw it onto the domestic market rather than the export market, which is good," she says.

"But that in itself, I guess, has some issues for other producers in Australia, like cattle producers, because you're pulling more product onto the market, that is then going to compete with our manufacturing beef that we send over there."

"It's all inter-connected."