Russia gets access to the Chinese beef market
Russia is the latest country added by the Chinese authorities on the suppliers list. Two Russian beef plants Zar Echnoe and Bryansk Meat Company have been added by the General Administration of Customs of China (GACC) on the list of companies authorized beef products o China.
"The permitted categories were frozen bone-in and boneless beef (under 30-month-age; the same below), frozen unrefined beef fat (edible; offal excluded), and frozen beef tendon.
As Russian beef was approved for China, the countries of beef admitted in China have added up to 26. From January to December 2019, a total of 1,659,470 tons of beef (offal include; the same below) with the value of $ 8,225,092 was shipped to China", informs Beef to China platform.
Last month, 12 new Belarusian meat producers have been accredited for export to China, including 11 beef producers. According to Chinese official figures, Belarusian beef exports to China have totaled about 4,900 tons since approved, at the end of 2018. Veles-Meat and Mogilev meat-packing plant both had records of beef shipment to China, and in 2019 their volume of exports was 2,100 tons and 2,600 tons respectively.
According to a report presented by ResearchAndMarkets.com, it is expected that the import volume of beef in China will continue to grow from 2020 to 2024. Over the last 5 years, the beef imports have grown at a CAGR of nearly 28.71%. Frozen beef has been the mainstream of China's beef imports. From 2013 to 2018, the proportion of frozen beef in China's beef imports stayed above 96%. In 2018, this proportion reached about 98.46%.
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...
