China to investigate beef imports as domestic prices drop

Published 2024년 12월 31일

Tridge summary

China has initiated an investigation into its beef imports due to an oversupply that is causing a significant drop in domestic prices. The investigation will focus on various types of beef imported between 2019 and 2024, including fresh, cold, head, and frozen beef. The China Animal Husbandry Association (CAHA) and other livestock groups have applied for the investigation, claiming that the surge in imports has hurt China's domestic industry. Meanwhile, China has temporarily halted beef imports from Ireland due to an atypical case of bovine spongiform encephalopathy (BSE) in a cow.

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Original content

China has launched an investigation into beef imports as an oversupply is thought to be significantly affecting domestic prices. According to Reuters, the commerce ministry in China announced last Friday (December 27) that it was launching the investigation. The largest beef exporters to China are Brazil, Argentina and Australia. China’s total beef imports reached $14.2 billion in 2023, increasing from $8.2 billion in 2019, according to customs data. It’s understood the investigation will focus on fresh beef, cold beef, head of beef and frozen beef imported between January 1, 2019 and June 30, 2024. The enquiry follows an application by the China Animal Husbandry Association (CAHA) and other cattle and livestock groups. The applicants said a sharp increase in import volumes over the period had “seriously damaged” China’s domestic industry, the ministry said. CAHG is a state-owned enterprise engaged in modern agricultural and animal farming industry with a comprehensive range of ...

Source: AgriLand