Brazil expects China's beef consumption to grow

Published 2023년 2월 2일

Tridge summary

China's demand for beef is anticipated to rise due to low per capita consumption, offering opportunities for beef producers in Brazil and the United States, according to JBS SA CEO, Gilberto Tomazoni. He notes that urbanization, increasing incomes, and changes in eating habits due to the pandemic will contribute to the rise in beef consumption. Despite being self-sufficient in chicken and pork, China's smaller beef industry requires more land and has a longer production cycle, making it reliant on imports. Tomazoni and BRF CEO Miguel Gularte are optimistic about a recovery in China's meat demand following the COVID-19 restrictions.

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Original content

Demand for beef in China is expected to rise as the country still has relatively low per capita consumption, Reuters reported, citing Gilberto Tomazoni, chief executive of JBS SA, who spoke on Wednesday during a business conference. He said Brazil and the United States, where it has meat facilities, are well positioned to meet China's growing demand for beef as the major food importer reopens after COVID-19 restrictions. "It is structural the growth in demand for beef in Asia as a whole, especially in China," the CEO said. He added that China is competitive in chicken and pork production, since these have shorter cycles, while for beef there is a need for more land and the production cycle is longer. "Urbanization, rising income, these increase consumption," Tomazoni told reporters. "Changes in habits after the pandemic (also) leads to an increase in beef consumption." On Tuesday, the CEO of poultry and pork ...

Source: Thepigsite