Beef imports surge in July
Print Edition
BEEF imports to Shanghai in July were the strongest, led by shipments from Australia and the United States, Shanghai Customs said yesterday.
Beef imports surged 30 percent month on month to a record of 26,000 tons in July, Shanghai Customs said. The average price of beef rose for the ninth consecutive month to 34.7 yuan (US$5.21) per kilogram, 11.7 percent higher than July last year.
For the seven months, beef imports rose 6.7 percent year on year to 144,000 tons.
Brazil remained the largest source of imported beef but Australia and the US have started to challenge its position.
Imports from Australia rose as tariffs were cut under a free trade deal, and US beef shipments surged under the two countries’ 100-day action plan.
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