Chinese company Shuanghui International wants to buy Smithfield Foods, the largest producer of pork in the world.
Grassley, Republican from Iowa is concerned about this move because of food safety. But what about an integral part of our supply? Are we willing to divert our production of meat overseas and increasing our prices locally? Exporting to China could help with our trade deficit but the profits from that export would go to China anyways. Let’s see how this pans out.
“No one can deny the unsafe tactics used by some Chinese food companies,” Grassley said. “And, to have a Chinese food company controlling a major U.S. meat supplier, without shareholder accountability, is a bit concerning. I’ve always said that we are nine meals away from a revolution, so a safe and sustainable food supply is critical to national security.”
Grassley’s comments came after Shuanghui International announced that it would buy Smithfield Foods, one of the largest U.S. meat suppliers.
“The Smithfield-Shuanghui deal also highlights the need for country of origin labeling,” Grassley said. “Like so many Americans, I would rather eat pork, beef and poultry raised in the United States. The deal only makes it more logical to ensure that American consumers know exactly what they are paying for and eating.”
Rep. Rosa DeLauro (D-Conn.) said she too was concerned about the merger, saying it raised “food safety concerns.”