Brazil to benefit most from China’s expanding pork imports
China Knowledge Online (China)
Sep 4, 2019
(China Knowledge) - With China's pig price facing continuous increase, pig-raising countries all over the world are viewing this as an opportunity to enter the Chinese market in large scale. Among them, Brazil is more likely to become the largest beneficiary for its low-cost feed raw materials and a high level of breeding.
China imported 1.193 million tons of frozen pork last year. The industry forecasts that the import volume will reach 2 million tons in 2019, up 67.6% YoY, and is expected to exceed the import volume of 1.62 million tons recorded in 2016. According to the latest customs data, in July this year, the national pork import volume was 182,000 tons, up 13.56% from the previous month and 106.69% YoY, that is, 94,000 tons more pork was imported than the same period last year.
In 2018, the top five importing countries to China’s were Germany, Spain, Canada, Brazil, and the United States.
The U.S has gradually been pushed out of the top three places in China's pork import source countries in the past few years as it allowed to use ractopamine in the breeding of pigs, while the European Union has gradually become the largest pork import source in China. However...