There are no expectations of a rise in meat in China

Meat

United States

Market & Price Trends

Published Mar 29, 2024

Tridge summary

Gabriel Martín, a Uruguayan businessman operating in China since 2012, runs a successful steak restaurant in Wuhu, Anhui province, and is planning to open another in Zhengzhou. His establishments, known for using high-quality Río de la Plata meat imported from Brazil, Argentina, and Uruguay, sell 300-400 kilograms of steak monthly. Martín has observed an increasing presence of wagyu meat in the Chinese market and discusses the volatile nature of the meat market, noting that while stock levels and prices are currently stable, they remain unpredictable. He also highlights a trend among Chinese importers who are increasingly turning to South American beef due to a decline in U.S. production, alongside mentioning the low prices and challenging business conditions for sheep meat in the market.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Gabriel Martín is a Uruguayan who is based in China and has been working since 2012 as a businessman. He is currently in the gastronomy field, where he has a restaurant focused on “steak” working with four cuts: loin, wide ribeye, narrow ribeye and boneless roast. The establishment is located in Wuhu, the second most important city in Anhui province, and also has prospects of opening a second restaurant in Zhengzhou. It also works as a meat importer. Interviewed on Carve radio's Valor Added, Martín added that in his role as an importer he works with meat from Brazil, Argentina and Uruguay, while for the restaurant they work specifically with meat from the Río de la Plata, "today you see more Uruguayan meat, because we work for the steaks, at least 100 days of grain, and in the restaurant we sell on average between 300 and 400 kilograms per month.” The Uruguayan businessman also added that a greater presence of wagyu meat is currently seen in China. Asked about how he sees the ...

Source: Agromeat