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15

2022

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12

Analysis of Domestic Beef Price in China

Source:

OIG+X

China's domestic beef price fluctuates in a high level. The average price of the beef is 88.34 yuan/kg (12.62 US$/kg), up 0.7% MoM and 3.1% YoY. Beef flank: about 60-76 yuan/kg in China (8.57-10.86 US$/kg); Beef tenderloin: 47-73 yuan/kg (6.71-10.43 US$/kg); Beef ribs: 58-72 yuan/kg (8.29-10.29 US$/kg); Beef brisket: 50-75.5 yuan/kg (7.14-10.79 US$/kg).

China's domestic beef price fluctuates in a high level. The average price of the beef is 88.34 yuan/kg (12.62 US$/kg), up 0.7% MoM and 3.1% YoY. Beef flank: about 60-76 yuan/kg in China (8.57-10.86 US$/kg); Beef tenderloin: 47-73 yuan/kg (6.71-10.43 US$/kg); Beef ribs: 58-72 yuan/kg (8.29-10.29 US$/kg); Beef brisket: 50-75.5 yuan/kg (7.14-10.79 US$/kg).

 

With low production capacity, tight supply and high breeding cost, strong demand, the sentiment to build up the herd is low, so the beef price in China has always been high and volatile.


-Forecast and analysis of the beef market on New Year's Day and Spring Festival

With the approaching of New Year's Day and the Spring Festival, the seasonal consumption season of beef is gradually entering, and the consumption demand of beef is expected to keep growing. Consumption demand for beef hotpot increased in winter.

 

To sum up, with the increase of seasonal consumption demand for beef and the stable growth of market supply, the price of beef will continue to rise, but not much. For the beef market, with the advent of the these two Festival, the beef market will remain tight, with little possibility of a sharp fall. The price will fluctuate at a high level, but the price will not rise or fall significantly, and the high price will be adjusted slightly in the short term.