Smithfield to Cut Additive to Boost Exports to China11 October 2013
CHINA - Smithfield Foods Inc, the world's largest hog producer, said it will reduce the use of a feed additive that makes pork leaner as it seeks to win more business in China.
The United States-based company, acquired by Hong Kong-based Shuanghui International Holdings Ltd in a $4.7 billion deal last month, has the capacity to ship "large quantities" of ractopamine-free pork to China, Chief Executive Officer C. Larry Pope said in an interview in Hong Kong. China bans the use of the additive.
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