Russia enters the top 5 pork suppliers to China

Published 2024년 10월 17일

Tridge summary

By the end of September, Russia had exported around 30 thousand tons of pork and offal to China, ranking among the top five suppliers, with plans to increase exports to 50 thousand tons by year-end and capture 8-10% of China's pork import market. The Chinese market is particularly attractive due to high demand for offal. Russian pork production has grown by 6% in the first eight months, stabilizing prices and curbing inflation. Overall, Russian meat exports have risen by 16% in the first nine months, with expectations to reach 800 thousand tons by year-end, the highest since 2014. Additionally, the Russian Agricultural Bank notes increasing marginality for Russian producers, as analyzed by the 'Center for Agroanalytics.'

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

Original content

By the end of September, exports of this product to this country amounted to about 30 thousand tons Based on the results of June-August, Russia entered the top five leading suppliers of pork to China. General Director of the National Union of Pig Breeders Yuri Kovalev spoke about this in an interview with Agroexpert. So, by the end of September, Russia had already supplied about 30 thousand tons of pork and offal to China and continues to increase volumes, the expert says. “We think that by the end of the year we will be able to sell about 50 thousand tons. The most important thing is to increase deliveries monthly in order to enter the next year with a good established base,” Kovalev added. The head of the union recalled that currently only three Russian companies have the right to supply to China. For comparison: about 15-20 Russian companies are certified for deliveries to Vietnam and Hong Kong. Expanding the list of producers authorized to supply pork products to China will ...

Source: Specagro