Trade: China meat imports up nearly 30%
Trade

China meat imports up nearly 30%

Imago / VCG
Domestic pork prices slumped in October before rising strongly in late November ahead of February's Lunar New Year holiday, making cheaper imported meat more attractive.
Domestic pork prices slumped in October before rising strongly in late November ahead of February's Lunar New Year holiday, making cheaper imported meat more attractive.

CHINA, Beijing. China imported 1.6 mill. t of meat in the first two months of the year, customs data showed, up 27.6% from the same period a year earlier, as the world's biggest consumer of animal protein stocked up to fill a domestic shortage.

Shipments rose from last year's 1.26 mill. t after China's output of pork, its staple meat, remained affected by an outbreak of African swine fever that began in 2018. China's pork output fell 3.3% in 2020 after plunging 21% the prior year, boosting meat imports to a record high, while imports were also impacted by Covid-19 quarantines.

Domestic pork prices slumped in October before rising strongly in late November ahead of February's Lunar New Year holiday, making cheaper imported meat more attractive.

A resurgence of hog diseases during the winter saw increased levels of slaughtering, as farmers concerned about outbreaks sent lighter weight pigs to market.

Source: Reuters
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