China’s meat imports for June fall 17% due to weak domestic prices

China imported 743,000 tonnes of meat in June 2021, down 17% from the same month in 2020.
calendar icon 14 July 2021
clock icon 1 minute read

According to Reuters, weakening domestic pork prices hit China’s demand for meat imports.

June meat imports were also down 5.8% from 789,000 tonnes in May. Meat imports in the first half of the year, however, totalled 5.08 million tonnes, the data from China’s General Administration of Customs showed, higher than last year’s 4.75 million tonnes in the first six months of 2020.

Domestic pork prices have plunged by half since the start of this year, weighed by large import volumes and as production increased on efforts to restock and expand farms after African swine fever decimated herds.

Prices were at 21.94 yuan ($3.39) per kg last week.

Read more about this story here.

Source: Reuters

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.