Fourth consecutive month of Chinese imports below last year

Published 2024년 10월 25일

Tridge summary

In September, China's beef imports decreased by 10 thousand tons from August and 25 thousand tons from the same month last year, totaling 218 thousand tons at a value of US$ 1.03 billion, including US$ 12 million of offal. Brazil was the largest exporter of frozen boneless beef, contributing 60% of the total, while Argentina led in frozen beef with bone imports. Uruguayan beef imports hit the lowest in at least two years for both categories. From January to September, China imported 2.1 million tons of beef at a cost of US$ 10 billion, showing a 3.4% increase in volume but a 7.2% decrease in value due to lower import prices.

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

Original content

Faxcarne | China imported 218 thousand tons of beef in September, a volume just over 10 thousand tons lower than in August and 25 thousand tons below the same month last year. It was the fourth consecutive month in which the imported volume fell in the annual comparison. The amount of these imports was US$ 1.03 billion, to which some US$ 12 million of offal are added. 107 thousand tons of frozen boneless beef arrived from Brazil at an average value of US$/t 4,531, 4 thousand tons less than in August and at an average value practically unchanged. Brazil was the origin of 60% of the frozen boneless beef that arrived in China in September, the largest proportion since December 2023. In the case of frozen beef with bone, Argentina predominated by far with 14.7 thousand of the 33.9 thousand tons imported in the month, doubling the volume that arrived from Uruguay, which was only 7 thousand ...

Source: Elagro