China continues to break beef import records
It completed 770 thousand tons in the first quarter of the year, exceeding by 21.5% the volume entered in January-March 2023, which until now was the highest in history.
The price per ton was US$ 4,781 in the first quarter, reflecting a 10% drop compared to US$ 5,315 in the same period of 2023.
In March the price per ton rose by about US$200, from US$4,669 in February to US$4,875, interrupting a two-month bearish streak.
According to the General Administration of Customs of China, imports in March exceeded by 14% the tons imported in the same month of the previous year and the increase in value was 7.4% for a total of US$ 1,170 million.
Pork imports fell 39% to 90,000 tons in March and totaled 260,000 in the first quarter, a 51% drop compared to the 530,000 imported in January-March 2023.
April beef exports totaled 89,783 mt, down 11% from a year ago, while value fell 5% to $780.6 mil...
However, there is reason to hope that the market can now recover at this lower price level. A sur...
Pork exports totaled 257,212 metric tons (mt) in April, 8% (and nearly 20,000 mt) above last year...
