Supplies of fresh beef from the Russian Federation to China increased by 30% in January-April

Published May 21, 2024

Tridge summary

In the first four months of 2024, China's import of fresh or chilled beef from Russia surged by 30% to $1.785 million, compared to the same period in 2023. Despite this increase in beef imports, China's imports of frozen meat from Russia experienced a 19% decrease to $25.137 million. Experts forecast that China will play a significant role in shaping the global beef market in the future, as its per-capita beef consumption remains low at 7 kg per year. Russian agricultural organizations have reported a 5.7% increase in cattle production in March, reaching 98.7 thousand tons, despite a 2.8% decrease in the total number of cattle in farms.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China imported $1.785 million worth of fresh or chilled beef from the Russian Federation in January-April 2024, which is 30% more than in the same period in 2023 ($1.373 million), according to the materials of the State Customs Administration (SCU) of the People's Republic of China. At the same time, the cost of frozen meat purchases decreased by 19%, to $25.137 million from $30.978 million a year earlier. Experts on the Russian meat market consider China to be one of the main buyers of beef from the Russian Federation. As the Agroexport Center under the Ministry of Agriculture previously reported with reference to the head of the National Meat Association (NMA) Sergei Yushin, in the coming years China will set the tone in the global beef market. Consumption of this type of meat in the country is still low - about 7 kg per person per year, compared to almost 14 kg in Russia. The share of beef in the Chinese diet will gradually increase, he predicts. According to him, in ...

Source: Milknews