Chinese beef consumption forecasted to increa...

Chinese beef consumption forecasted to increase

According to MLA (Meat and Livestock Australia) China’s beef production is forecasted to increase by 6% in 2007.

The USDA (United States Department of Agriculture) reports that 7.9 million tonnes of beef will be consumed in China in 2007 expecting a steady growth of 5% per year during the following three years.

One of the reasons of increasing beef consumption in China is that consumers shift away from poultry due to concerns over avian flu. In 2005, beef consumption in China stood at 6 kg/head.

Imports into China are forecasted to rise by 33% also due to the local supply situation, which is assumed to be unable to meet domestic demand, and a stronger Chinese currency.

China announced the lifting of the ban on US beef in June 2006, allowing only boneless beef derived from cattle less than 30 months of age into the market, excluding specified risk materials. As the US still disagrees with China’s quarantine requirements, there have been no shipments of US beef to China since the lifting of the ban.
Source: Meat and Livestock Australia (MLA)
tags:
China USDA USA

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