Knowledge

To provide the latest market news and hold online & offline events to assist you being well-informed and making decisions.

05

2022

-

11

China's Beef and Mutton Wholesale Prices in Oct

Source:

OIG+X

Different from the import beef market situation, the domestic beef wholesale market is relatively stable. It's estimated that beef and mutton prices will still go up entering the winter season.

 

Note*: The following prices are close to retail prices in China, rather than the prices for domestic slaughterhouses. USD to CNY exchange rate is 7.2.

 

According to the data from MARA, China's beef wholesale prices in Oct fluctuated from 10.94 $/kg (78.77 yuan/kg) to 10.67 $/kg (76.80 yuan/kg). The National Day promoted the rise in beef prices. Mutton wholesale prices in Oct fluctuated from 9.51 $/kg (68.49 yuan/kg) to 9.23 $/kg (66.44 yuan/kg). Its monthly average wholesale price is 67.36 yuan/kg.

 

Different from the import beef market situation, the domestic beef wholesale market is relatively stable. It's estimated that beef and mutton prices will still go up entering the winter season.