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on August 20, 2009

Canadian subsidies to increase price of pork imports

New Zealand domestic producers will find it hard to match reduced price.

Subsidies offered by Canada are increasing the financial pressure on New Zealand's swine farmers, tvnz reported. Canada is the main source of pork imports to New Zealand.

Bailout packages, kickbacks and other incentives are being offered by the Canadian government to help producers in regain profitability.

Sam McIvor, chief of the  New Zealand Pork Industry Board, reportedly said local farmers would not be able to compete with the cheaper Canadian pork that would enter New Zealand markets.

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