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08

2022

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10

China's Beef Imports Will Surge

Source:

OIG+X

The Brazilian frozen food association Abrafrigo announced on Oct 5 that the Brazilian beef export volume in Sept totaled 231,000 tons, surpassing the historical highest level reached in Aug this year and setting a new record. The agency pointed out that this was mainly due to the increase of procurement in the Chinese market.

The Brazilian frozen food association Abrafrigo announced on Oct 5 that the Brazilian beef export volume in Sept totaled 231,000 tons, surpassing the historical highest level reached in Aug this year and setting a new record. The agency pointed out that this was mainly due to the increase of procurement in the Chinese market.

 

According to the Brazilian "forbes" website, the survey data shows that China purchased 137,000 tons of Brazilian beef in Sept, which broke the record again after reaching the highest level (131,000 tons) in Aug. China's share in Brazil's beef export trade also increased from 47.5% to 52.8%.   

 

According to the association, since Oct 1-7 is the golden week holiday of China's National Day, beef imports in the Chinese market have increased significantly. The association also said that beef reserves for celebrating the Chinese Lunar New Year early next year have also increased.   

 

By Sept, China had imported 924,000 tons of beef from Brazil, more than 713,000 tons in the same period last year. Sales also increased to 6.18 billion dollars (32.22 billion reais) from 3.82 billion dollars (19.91 billion reais) last year.    

 

In addition, according to the ABPA, Brazil’s national pork export volume in Sept was 102,700 tons, down 8.5% YoY, and the sales volume was 244.3 million US dollars (about 1.4 billion reais), down 4.5% YoY.