Meat demand will maintain higher prices if China continues to improve its economy

게시됨 2022년 12월 27일

Tridge 요약

The director of Faxcarne, Rafael Tardáguila, has reported that there has been a surge in demand for bovine beef in China, which is expected to continue in the post-Chinese New Year period. This is despite economic issues that previously caused a decrease in China's rate of purchasing meat. The World Bank predicts a 4% growth in China's economy in 2023, which is likely to further increase demand. Brazil, the main supplier of meat to the international market, is also expected to increase its supply in 2023. However, the international beef market experienced volatility in 2022 due to high price levels in the first half and a crisis in China's real estate market and "zero Covid" policy in the second half. However, interest in resuming meat purchases from China has recently returned.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

The director of Faxcarne, Rafael Tardáguila, affirmed that the better economic activity in China, the biggest catalyst for beef of bovine origin, is giving the main Asian importers the incentive to increase demand in the post-Chinese New Year period. "If things evolve as it seems that they are beginning to evolve, especially in China, which is the main importer, there will be a greater dynamic that will allow higher prices and this will be transferred directly to the prices of the farm in the domestic market," he pointed out in an interview with Valor Agro. This perspective was given around the fact that the Asian giant faced economic problems at the beginning of September caused by the health policies applied as a result of a resurgence of Covid cases, causing the wind to face the exporting countries. In this context, the consultant indicated that although there was a downward correction by the World Bank towards China's economic growth of around 4% by 2023, everything seems to ...

출처: Elagro