China

China imported 80% more pork compared with October 2019

Pork

Analysts believe that Beijing is stockpiling meat for the winter season and until the resumption of local production.

Posted on Nov 25 ,12:31

China imported 80% more pork compared with October 2019

China imported 330,000 tonnes of pork last month, up 80.4% over the previous year. The volume is 50,000 tonnes lower than imports recorded in September this year and experts consulted by Reuters are saying that the Asian country is actually stockpiling meat for the winter season and until the resumption of local production. China's pork production fell 19% in the first half of the year after the African swine fever has devastated its huge pig herd in the past two years. Imports in the first 10 months of the year increased 126.2% to 3.62 million tonnes, said the General Administration of Customs.
China's pig herd grew 26.9% in October compared to the previous year, according to the Chinese Ministry of Agriculture. Pork prices have fallen about 28% since the beginning of July, to 36.7 yuan ($ 5.59) per kilo, although it is still well above the levels already reached before the outbreak of the disease. Since September, China has increased pork imports from Brazil, the United States, Canada and Spain as a ban was placed on German pork due to an ASF outbreak reported by the largest pork producer in the EU.

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