Beef prices suddenly skyrocketed! Brazil and China negotiate to authorize more meat factories!
China authorized a total of 38 meat processing factories in Brazil to export to China for the first time.
Source
养牛行情网
meat
The latest data for September is released, with imported meat decreasing by 11% year-on-year and cattle and sheep prices increasing year-on-year
Volume and Value of
Major Imported Commodities
in September 2024 (in RMB)
(screenshot)
There is sufficient supply of domestic meat products, and foreign products do not have significant price advantages in a buyer's market environment.
Source
活羊价格
In September: China imported 220,000 tons of beef, 21,000 tons of mutton, 100,000 tons of pork, and 28,000 tons of poultry!
The total import volume in September decreased by 30,000 tons compared to the previous month, mainly due to a significant decline in the import volume of poultry meat, which is closely related to the export embargo imposed by Brazil.
Source
国际畜牧科技
Year Food: China's livestock and poultry meat products trade monthly monitoring report (January-August 2024)
UIBE数字经济实验室
From January to August 2024, the top three products in terms of import value of livestock and poultry meat products in China were beef, pork offal and pork, with imports of US$9,005.4 million, US$1,733.4 million and US$1,357.3 million, respectively, accounting for 58.7%, 11.3% and 8.9% of the total import value of poultry meat products
Source
UIBE数字经济实验室