China’s beef imports in June decline 17% as domestic prices weaken

As weaker pork protein prices hit import demand, China imported 743,000 tons of beef in June, down 17% from the same month last year, according to customs data released on July 13.

Foreign purchases of meat in June were also down by 5.8% compared to 789,000 tons in May.

However, meat imports in the first half of the year totaled 5.08 million tons, according to information from the General Administration of Customs of China, above the 4.75 million tons registered in the first six months of 2020.

See the chart below for a history of Brazilian shipments of pork to China since 2019:

Brazilian Exports of Pork Meat (HS 0203) to China | Jan to Dec 2019-2021 | TEU

Graph source: DataLiner (click here to request a demo)

Domestic pork prices have halved since the start of the year, pressured by heavy imports, and as production increased due to efforts to restock and expand farms after African swine fever decimated livestock.

Source: Money Times

To read the full original article, visit the link:

https://www.moneytimes.com.br/importacoes-de-carne-pela-china-em-junho-recuam-17-com-enfraquemento-dos-precos-domesticos/

Sharing is caring!