China's meat imports in June surpass $2 billion
China's meat imports in June have reached the highest volume and value since the beginning of the ASF crisis. More than 600,000 tonnes of meat have entered Mainland China (excluding offal) in June for more than $2.1 billion, says Beef to China trade platform. In terms of volume, meat imports have increased by 12% Month-on-Month (MoM) and 82% Year-on-Year (YoY). In value, the increase was of 11% MoM and 78% YoY, respectively.
Mainland China imported a total of 3.48 million tonnes of meat in the first half of 2020, with an import value of $12.5 billion, respectively up 89% YoY and 112% YoY. In terms of countries of origin, Brazil, the US and Spain were the top 3 sources for Mainland China’s meat imports during this period, and Mainland China’s meat imports from these 3 countries mentioned above all showed more than 200,000 tonnes of YoY increment, with YoY growth of 112%, 530% and 134%, respectively.
According to some experts from Europe and Australia, China is about to account for 40% in the global meat trade and that rate is expected to expand next year due to a deficit in animal protein created by the ASF crisis.
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