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China cracks down on beef glut in its market

Published Jan 12, 2025

Tridge summary

China is investigating its largest beef suppliers, Brazil, Argentina, and Australia, due to concerns over the significant increase in beef imports, which have negatively affected China's livestock industry and local producers. The investigation, requested by the China Livestock Association and other groups, will focus on beef imports between 2019 and 2024 and could result in additional tariffs or import restrictions. This action underscores China's efforts to protect its local producers from foreign competition, potentially impacting global trade dynamics and possibly serving as a response to the European Union's tariff plans for Chinese-made electric vehicles.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This was reported by Reuters, explaining that this trade measure aimed at trying to reduce meat imports could affect China's largest suppliers: Brazil, Argentina and Australia. Total beef imports from the Asian giant reached $14.2 billion in 2023, compared to $8.2 billion in 2019. Brazil accounted for 42% of the total trade value, followed by Argentina with 15% and Australia with 12%. According to the ministry, beef imports in 2023 were nearly 65% higher than in 2019, and imports in the first half of 2024 were more than double that of the first half of 2019. The investigation will focus on fresh beef, chilled beef, head and frozen beef imported between January 1, 2019 and June 30, 2024, the ministry said in a statement, adding that it launched the probe at the request of the China Livestock Association and other livestock groups and the local industry. “The industry reflects that excessive beef imports have caused substantial damage to our country’s livestock industry. We strongly ...
Source: Agromeat
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