Chinese year-on-year beef imports declined for the first time

In June, it imported 209 thousand tons, 11% less year-on-year and month-on-month. However, in the first semester its purchases increased 17%. Prices have remained stable since last September, in the lowest range since 2021. Argentina is the second supplier with 21% participation in the semester, higher than that of the previous two years. In June, China nationalized 209 thousand tons of beef, 26 thousand tons less, both compared to May and the previous June. Since the record in January, when it imported 300 thousand tons, the trend of the semester was one of a fairly sustained decline. For its part, the average import price of frozen boneless meat, the first item of its purchases, remained in a narrow window of between USD5,000 and 5,150 since September, one sixth less year-on-year and the lowest values since 2021. . However, in the first half of the year there has been an increase in its external purchases of 17% and it is the record semester in the long career of that country's ...