Third consecutive drop in Chinese beef imports

Published 2023년 11월 27일

Tridge summary

In October, China saw a decrease in the import of fresh beef, with 224 thousand tons entering the country, which is 12% less than the previous year and 21 thousand tons less than the previous month. This marks the third consecutive monthly decrease since the record high of 295 thousand tons in July. The average import value also continues to decline, with October averaging US$ 4,764 per ton, a 2.1% decrease from the previous month and a significant 34% decrease from July 2022.

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

Original content

Faxcarne | In October, 224 thousand tons of fresh beef entered China, 30 thousand tons less than in the same month of the previous year (-12%) and 21 thousand tons below the previous month, according to GACC data. In addition, it is the third consecutive decrease in monthly volume from the historical peak of 295 thousand tons imported in July. At the same time, the average import value continues to fall. In October it averaged US$ 4,764 per ton, with an average value for frozen boneless of US$ 5,034 per ton, which indicates a monthly decrease of 2.1% and US$ 2,600 compared to US$ 7,633 in July 2022 (-34%) in just 15 months. Almost 99 thousand tons arrived from Brazil (44% of the total), followed by Argentina (41 thousand tons), ...

Source: Elagro