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09

2022

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12

Stock Index Analysis of China's Imported Meat Products in Nov

Source:

OIG+X

China's epidemic control policy has waxed and waned in Nov. In early and mid-Nov, major cities such as Guangzhou, Chongqing, Beijing, and Zhengzhou came to a standstill as uncountable Covid-positive cases were found everyday. Affected by the large-scale lockdown, poor transportation and delivery in ports and distribution centers came to be stagnant, shadowing the gloomy consumer market more, which results in an unusual mountain-like surge in poultry stocks and a rising-still trend in beef ones. As for the pork market, although its market stock declined in Nov, the trading volumes also decreased a lot. Chinese buyers would prefer to observe the market rather than buy more pork. Mutton buyers also hold a cautious attitude and this year found less mutton imported than last year.


China's epidemic control policy has waxed and waned in Nov. In early and mid-Nov, major cities such as Guangzhou, Chongqing, Beijing, and Zhengzhou came to a standstill as uncountable Covid-positive cases were found everyday. Affected by the large-scale lockdown, poor transportation and delivery in ports and distribution centers came to be stagnant, shadowing the gloomy consumer market more, which results in an unusual mountain-like surge in poultry stocks and a rising-still trend in beef ones. As for the pork market, although its market stock declined in Nov, the trading volumes also decreased a lot. Chinese buyers would prefer to observe the market rather than buy more pork. Mutton buyers also hold a cautious attitude and this year found less mutton imported than last year.

 

However, with extremely strict control measures discontent by people, the authority now are adjusting and easing measures to a more open way as of press time. It's estimated that the domestic consumer market will resume more in the future but most imported meat futures market will see not many changes in Dec as products shipped now will arrive at off-season in China after the Spring Festival and the market will also see rising trading volumes as buyers replenish the stock.