Chinese pork imports grow by 170% YoY in first quadrimesterMay, 26, 2020 Posted by Sylvia Schandert
Chinese customs data shows that the country imported 400,000 tonnes of pork in April, marking an increase of almost 170% when compared to the same period of 2019. Buyers took advantage of the lower prices and stocked this product.
China imported 1.35 million tons of pork in the first four months of this year. It is worth noting that China had a sharp drop in domestic production, caused by the African swine flu, which decimated herds and kept domestic prices much higher than in other markets.
Although pork prices in China have been falling steadily since the beginning of February, they are still about double the prices of last year.
China also imported 160,000 tonnes of beef in April, up 28% year-on-year. From January to April, beef imports grew by 54%, totaling 680,000 tons, according to customs data. The following chart shows Brazilian exports of pork, chicken, and beef to China since 2015:
Graphic source: DataLiner (To request a DataLiner demo click here)
Source of report: Reuters
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