China tops the list of beef importers from Russia

Published 2021년 7월 16일

Tridge summary

In the first quarter of 2021, China has emerged as the largest importer of Russian beef, with supplies increasing over 20 times year-on-year to 3.663 million tons. This surge is attributed to the low base effect and competitive pricing, following the African swine fever outbreak in China, which significantly reduced domestic pork production. The need for high procurement is expected to persist for at least five years, making China the largest importer of Russian products, including beef. Other significant importers in the first quarter were Hong Kong, Saudi Arabia, and Uzbekistan, while purchases by Ukraine, Vietnam, and Ghana saw a decrease. Despite challenges like restrictive barriers and bureaucratic procedures, the production of beef in Russia has seen a gradual increase since 2018 and is projected to grow at an average rate of 1.5% per year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"According to the results of the first three months of this year, China topped the list of the largest importers of Russian beef, surpassing the leader of last year's ranking - Vietnam," the press service reported, citing a report from the RSHB Center for Industry Expertise (SEC). The volume of supplies of domestic beef to China in the first quarter of 2021 increased more than 20 times year-on-year, to 3.663 million tons, while its export as a whole over the same period - 2.5 times, to 6.5 thousand tons. The press service clarified that statistics, including edible offal of cattle, do not take into account Hong Kong, Macau and Taiwan. "The high rates of export growth (of beef from the Russian Federation - ed.) In the first quarter of this year are explained both by the low base effect and by the competitive price, which makes Russian beef popular among Chinese consumers," explained the head of the ESC Andrey Dalnov. China, due to the outbreak of African swine fever (ASF) in ...
Source: Agrovesti

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