China is launching a new investigation into vacuum-packed meat imports

Published 2024년 12월 28일

Tridge summary

China is initiating an investigation into imports of vacuum-packed meat to assess the impact on its local meat industry, prompted by concerns over a surge in imports that has diminished local producers. The investigation, requested by domestic industry associations, could take up to eight months and may be extended under certain circumstances. This action could potentially impact major exporters such as Brazil, Argentina, and Australia, who rely heavily on China as a buyer. The outcome of the investigation could lead to safeguard measures that could affect these countries. Brazil, in particular, is concerned about the potential impact on its cattle farmers, who are a significant source of China's beef imports.

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

Original content

China is launching an investigation into vacuum-packed meat imports to decide whether a surge in overseas shipments has hurt the domestic industry, the Ministry of Commerce said on Friday. The investigation, launched at the request of domestic industry associations, is likely to be completed within eight months but could be extended under special circumstances, according to a statement posted on the ministry's website. ADVERTISEMENT Any safeguard measures taken by the world's largest buyer of vacuum-packed meat could hurt major exporters such as Brazil, Argentina and Australia. Imports soared between 2019 and mid-2024, dealing a severe blow to the domestic industry, according to groups representing the livestock sector in several major producing regions. Chinese vacuum-packed meat producers face huge losses after local prices fell to multi-year lows due to oversupply and weak consumption. The investigation and any action could hurt Brazil’s cattle farmers, who account for nearly ...

Source: Agromeat