Jim Wyckoff’s latest beef and dairy industry updates track China’s import future and the international dairy market.
Beef industry news from China
Chinese meat imports remain strong this fall
China imported 834,000 metric tonnes (MT) of meat during September, a slight increase from August, according to preliminary customs data. So far this year, China has imported 7.41 MMT of meat, a 72 percent surge from year-ago.
Beef imports likely totalled 180,000 MT in September, pushing the nine-month tally to 1.57 MMT, a 38.8 percent jump for the year.
China seen pulling back on meat imports in 2021
USDA this week reported global meat imports will decline marginally in 2021 as softening demand from China offsets gains elsewhere. China meat imports are forecast to set records in 2020 due to a sharp decline in pork production from African swine fever (ASF). Next year, imports are expected to fall as producers rebuild swine herds and production rebounds. Outside of China, global meat imports are largely rebounding as economies bounce back from COVID-19 and as food service demand improves.
China beef imports are forecast 4 percent higher at 2.9 million tons in 2021– another record high. Evolving tastes and relatively modest production growth are expected to support