Argentina to Resume Beef Exports to China. For more information on export to China, please call SINOLOBEN, service Email: email@example.com.
Argentina said it would once again allow cattle farmers to freely export beef to China, lifting a cap imposed earlier this year that had stoked tensions with the agricultural sector. Regarding the issue of beef meant for China, Argentina will restart exports starting on Oct. 4. Analysts say China primarily buys a beef cut that is not popular in the domestic Argentine market.
The government had capped beef exports at 50% of the normal volumes to tamp down fast-rising prices, leading to protests and threats by farmers to halt local trading in cattle and also grains.
Argentina is the world's fifth-largest beef exporter while China is the world's top consumer of the meat. About 75% of Argentina's 2020 beef exports went to China, according to official numbers.
China is Argentina's second-largest trading partner and an important partner in investment and financing cooperation. According to data from the National Bureau of statistics of Argentina, from 2003 to 2020, the bilateral trade volume between Argentina and China more than quadrupled from $3.2 billion to $14 billion.
China, the world's largest beef consumer, has been Argentina's largest customer, accounting for 75 percent of the country's beef exports. South American meat producers have been highly successful in exporting to the Chinese market over recent years, treating the latter as a cash cow, as China's demand for cheaper meat products climbs.
For further information about China's meat imports, please contact:
Ms. Linda Li
0086（0）21 3538 3306
As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo.
Transferred from the network, such as intrusion and deletion.