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Location: Home > NEWS > China's meat imports rebounded slightly in November compared with the previous month

China's meat imports rebounded slightly in November compared with the previous month

发布时间:2021.12.08

China's meat imports rebounded slightly in November compared with the previous month. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.



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The latest Chinese customs data show that imports in the first 11 months of 2021 were 8.72 million tons, down 2.5 per cent from last year. China imported 677000 tons of meat in November, down from 775000 tons last year and down 12.6% from a year earlier. The main reason is that low domestic pork prices in China this year have reduced demand for overseas supplies, which in turn has affected overall meat imports. However, meat imports rose slightly in November from 664000 tons in October.


Pork accounts for the largest share of China's meat imports, and domestic pork production has surged this year, oversupply has led to a sharp drop in pork prices and pork imports have also been affected.

According to the monitoring of China's Ministry of Agriculture and villages, on December 6, the average price of pork in the national agricultural products wholesale market was 24.74 yuan / kg; beef was 77.63 yuan / kg; mutton was 71.40 yuan / kg; and white-striped chicken was 17.24 yuan / kg.

Since mid-October, domestic pork prices in China have fluctuated for eight consecutive weeks, up 41% from the average pork price of 17.53 yuan / kg on October 12. Industry insiders said that at present, the number of sows, live pigs and slaughtered pigs are all at a high level. Against the background of the continuous increase in pork supply, the shock rise in pork prices after the bottom in mid-October is mainly driven by demand. On the one hand, it is the substitution effect brought by the sharp rise in vegetable prices, on the other hand, the peak demand for pork is formed by pickled meat enema in winter. At the same time, the country has also opened the second round of collection and storage work.

Since March this year, the average monthly growth rate of newborn piglets in large-scale pig farms in China has reached 1.5%, which means that there will be a significant increase in the number of live pigs from September this year to February next year. At the same time, with the upgrading of consumption, the consumption of poultry, beef and mutton, seafood and other products in China is growing rapidly, while the proportion of pork consumption is declining year by year. Therefore, if large-scale disastrous weather does not affect the convergence of production and marketing in the later period, it is unlikely that pork prices will rise sharply during New Year's Day's Spring Festival. This also means that the volume and price of imported pork in China will remain low.

More information about China's meat import and export and foreign trade agency services, please contact us:

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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