China approves 4 new US meat plants for exports
Four US meat processing plants gained access to the Chinese market this month. The announcement was made on January 7 by the General Administration of Customs of China (GACC) and is targeting four pork, beef, poultry plants and cold storage.
China has become one the most lucrative market for the US meat industry, especially for red meat products. Beef exports to China/Hong Kong are on pace to exceed $2 billion in 2021, according to the US Meat Export Federation (USMEF). Through November, exports to the region nearly doubled from a year ago to 219,264 tonnes (up 98%) and increased 125% in value to $1.9 billion. Direct exports to China, bolstered by greatly improved market access achieved in the U.S.-China Phase One Economic and Trade Agreement, increased more than 400% from a year ago to 172,257 tonnes, valued at $1.43 billion (up 502%).
Total pork exports to China will finish 2021 significantly lower than a year ago. But even as its domestic pork production rebounds, China’s demand for U.S. pork variety meat has strengthened, with exports through November up 29% from a year ago to 306,753 tonnes, valued at $746.4 million (up 31%).
A decline in China's pork imports was also reported by other major players in the market: the EU, Brazil, and Canada.
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