China increases imports of US vegetarian beef amid reduced supply

Published 2021년 10월 4일

Tridge summary

Due to import refusals and customs delays, Chinese restaurants and chains have shifted from Australian beef to American beef, with US beef imports to China surging nine times in the first eight months of 2021. This shift is attributed to the deteriorating China-Australia relationship and issues with Australian export factories. Despite competition from low-cost meat producers in South America, demand for vegetarian beef, a premium product, remains high, accounting for 40% of China's total beef consumption. The US and the EU are competing for the limited supply of beef that meets China's import standards, as Australian exporters have redirected their exports to Japan and South Korea.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Hot pot restaurants, Japanese barbecue chains and steakhouses in China have switched to using American beef instead of Australian beef. Some Australian companies were refused imports by China last year, and others took too long to clear customs. According to China Customs data, beef imports from the US in the first 8 months of 2021 reached 83,000 tons, up 9 times over the same period last year and is forecast to reach more than 1 billion USD in 2021. The US surpassed through Australia as the leading exporter of vegetarian beef to China. They don't have much of a choice when it comes to grain-based vegetarian meat, which is the one product that really stands out in China, said Joe Schuele, a spokesman for the US Meat Export Federation (USMEF). Country. The deteriorating relationship between China and Australia has hurt meat imports from Australia. Five of Australia's largest factories have been denied import by China in 2020 for reasons such as contaminated meat and substandard ...

Source: Vinanet