China buys more beef despite economic problems

China is going through major economic problems that are reflected in high inflation, increased unemployment, falling consumption levels, among other aspects, despite which lines such as beef have not lost dynamism. According to a report by the Rosario Stock Exchange (Argentina), China's retail trade increased 2.7% year-on-year in July, below market estimates of 5% and after growth of 3.1% a month earlier. . Although it is the second consecutive month of increase, the recovery will remain unstable until the government shows no signs of easing its zero Covid policy. However, in this context of high fragility for retail trade, beef seems to come out unscathed. At least that is what the import figures for the month of July show. This represents the best monthly record known so far in both volume and price. Compared to what was imported in June, it represents an increase of 18% in volume, some 40,300 tons, and an improvement of 4% in price, going from US$6,857 to US$7,105 per ton in ...