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China's meat imports fell to a 20-month low in October

发布时间:2021.11.12

China's meat imports fell to a 20-month low in October. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com. 

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According to the latest data released by the Chinese customs, China's meat imports in October were 664000 tons, down 4.32% from the previous month and 12.8% from a year earlier, the lowest level since February 2020. From January to October in 2021, imported meat (including miscellaneous offal) was 8.047 million tons, a decrease of 1.5% compared with the same period last year.

The largest share of China's meat imports is pork, but domestic pork prices have fallen sharply this year, and the full supply of domestic pork has reduced the demand for imported pork in the Chinese market. China's meat imports fell to their lowest level in 20 months in October from a year earlier.

Although pork prices in China's domestic consumer market rose in October, they are still less than half what they were at the beginning of the year, with prices of about 21 yuan ($3.28) per kilogram on the wholesale market.

In terms of pork supply, from the first to the third quarter, it increased by 31%, 36% and 34% respectively compared with the same period last year, and there is still obvious supply pressure on pig prices in the fourth quarter. The supply of newborn piglets was high in the fourth quarter, and the growth trend is expected to continue into the first half of 2022. China's demand for imported pork is expected to remain low for some time to come.

For further information about China's meat imports, please contact:

Ms. Linda Li

0086(0)21 3538 3306

sinoloben@thecustoms.com.cn


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.

            

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