China is set to impose a tariff of 25 per cent, effective March 20, on Canadian pork.
United States President Donald Trump said he will impose a 25 per cent tariff on April 2.
Olymel has increased sales to Japan and South Korea since China temporarily banned Canadian pork in 2019.
But it still sells byproducts to China – heads, feet and bones.
The Globe and Mail said Canadian pork prices could drop by 10 per cent because of a 25 per cent U.S. tariff.
But the good news is that Oymel turned from losses in 2023 to profits last year.
It had net earnings of nearly $197 million, a 39 per cent improvement from 2023.
