China

China reduces meat imports

Products

In July, the giant Asian market imported 854,000 tonnes of meat, 14% less than a year ago.

Posted on Aug 12 ,08:02

China reduces meat imports

Meat imports in China have slowed down in the first month of H2 2021. In July, 854,000 tonnes of meat entered the giant Asian market as a fall in domestic prices (-70% for pork) has limited the need for imports. The volume is down by 14.43% compared to July 2020 signals data released by the Chinese General Administration of Customs. However, compared to June 2021, the volume increased by 111,000 tonnes.
Meat imports in the period from January to July totaled 5.93 million tonnes, the data from China's General Administration of Customs showed, higher than the last year's 5.75 million tonnes in the first seven months of 2020.
The peak was reached in March when the need to restock the National Reserves cold storage lead to 1 million tonnes in meat imports. Analysts are expecting pork imports to fall by 50% over the next 5 months, as local supplies are now cheaper than overseas shipments and production is expected to increase. In the first half of the year, pork production in China was 36% up from a year ago, totaling 27 million tonnes, while the swine inventory rose by 30% to 439 million at the end of June.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

INTERPORC: The importance of reverse trade missions

These are unique experiences that highlight the strengths of the production system, strengthening...


Read more Read more
BRAZIL

Brazil: JBS to spend $100 million to build 2 factories in Vietnam

According to a statement from the company, the plants will produce beef, pork and poultry, and wi...


Read more Read more
NEW ZEALAND

New Zealand red meat exports grow

The United States was the largest export market, increasing by 32 per cent to $339 million, while...


Read more Read more
Websolutions by Angular Software and SpiderClass