China

$2.9 billion in China's pork imports for July

Pork

The volumes imported were 78% larger than the same month last year.

Posted on Sep 10 ,11:15

$2.9 billion in China's pork imports for July

China's pork imports for July were 78% larger than the volumes reported in July 2019, according to statistical data issued by the Chinese officials. In July, China imported o almost 1 million tonnes of pork, worth $2.90 billion. The value, reported to last year's data, was 87.1% higher. The gap between demand and domestic production caused by the consequences of African Swine Fever (ASF) has caused meat imports to China to grow faster than ever before this year. According to the Chinese customs administration, the amount of imported meat from January to July 2020 amounted to 5.75 million tonnes, which corresponds to an increase of 2.45 million tonnes, or 74.2%. Import expenses almost doubled compared to the same period last year.
Pig meat was of particular interest, the purchase of which, including by-products, increased by 98.2%. to 3.38 million tonnes compared to the first seven months of 2019. Pork accounted for 2.56 million tonnes, an increase of 138.5%. compared to the previous year.

In the case of beef, the cumulative volume of imports amounted to 1.20 million tonnes, which is 41.5% more than in the corresponding period of the previous year. Customs authorities announced that six new US meat exporters had been approved to supply the Chinese market in late August; in addition, three Uruguayan companies also regained their export license.

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