China Released State Frozen Beef & Sheepmeat Reserve, Inland Beef Consumption & Prices Rising. For more information on export to China, please call SINOLOBEN, service Email: email@example.com.
Sep. 23, China released
4,300 tons of frozen beef and sheepmeat from the state reserve. This is
the 4th time that China released the state reserve frozen beef and
mutton this year. Jan. 14th, 3,000 tons; Feb. 10th, 2,000 tons; Apr.
28th, 3,000 tons. Together with 4,300 tons this time, China has released
total of 12,300 tons of frozen beef and sheepmeat from the state
reserve this year.
Compared with domestic beef, imported beef has a more obvious increase in sales due to its relatively low price. Take beef brisket for example, , which is sold well in China. At present, the average price of domestic beef brisket is 50 yuan per catty, and the imported beef brisket is RMB 35-40/kg.
In 2018, China imported 1.04 million tons of beef, exceeding 1 million tons for the first time; in 2019, beef imports reached 1.659 million tons, an increase of nearly 60% y/y; in 2020, China imported 2.12 million tons of beef, an increase of 27.65% y/y.
The biggest change in China's imported meat is that the proportion of Brazilian and Argentine beef imports has risen rapidly, squeezing out the market share that originally belonged to the United States and Australia. In the past, the U.S. beef market accounted for the largest market share, but now there is greater uncertainty in the Sino-U.S. beef import and export trade. In addition, with the changes in Sino-Australian trade relations, the market share of Australian beef has also declined rapidly. At the same time, due to the low cost of breeding and the obvious price advantage in South America, it soon occupied this part of the market gap. However, due to the impact of the pandemic, the American countries themselves have also experienced a "meat shortage". This year, the Argentine government issued an export ban in order to stabilize domestic meat prices, restricting the export of some beef; Brazil, as China's largest source of beef imports, is currently unable to export beef to China due to mad cow disease.
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.