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Latest! China has stopped importing beef from a US company, and Uruguay may become a "strong substitute"?

author:Golden Ten New Media
Latest! China has stopped importing beef from a US company, and Uruguay may become a "strong substitute"?

With the continuous development of China's economy, people's pursuit of meat products continues to increase, and the proportion of beef in the meat market has increased, and China has become the world's second largest beef consumer. At the same time, from 2020, China's beef imports began to grow significantly, increasing by 651,300 tons compared with the number of imports two years ago, becoming a major beef importer.

The top countries in global beef exports are Brazil, Australia, India, the United States and New Zealand, and together they account for more than 70% of global beef exports.

Latest! China has stopped importing beef from a US company, and Uruguay may become a "strong substitute"?

(Source: Subtu network)

Australia has been the source of China's beef imports for a long time, but since the obstruction of China-Australia trade and the substandard testing standards for Australian beef products, China's beef imports in Australia have fallen sharply. At this time, the United States took the opportunity to seize the opportunity to seize Australia's share of the Chinese market. According to relevant data, the U.S. beef exports to China in July-August 2021 reached 240 million US dollars (about 1.53 billion yuan).

However, due to the poor quality of U.S. beef exported to China, China stopped most of the import of U.S. beef, so the United States missed the "golden growth period" of the Chinese beef market. According to the latest news from the General Administration of Customs on August 11, another US enterprise that failed to test beef exported to China has suspended the company's beef imports.

Latest! China has stopped importing beef from a US company, and Uruguay may become a "strong substitute"?

(Source: Subtu network)

Not only the United States and Australia, but also many other countries are "salivating" to the Chinese market. Russian beef began entering China in 2020, from just 21.4 tons at the beginning, to Russia's beef exports to China soared by 235.7% last year, reaching about 2.13 million tons. Russia began to become the eighth largest supplier of Chinese beef imports, rapidly entering the Chinese market.

Latest! China has stopped importing beef from a US company, and Uruguay may become a "strong substitute"?

(Source: Subtu network)

Uruguay, the world's seventh-largest exporter of beef, is also China's third-largest beef importer. In the first half of this year, China imported a total of 1.15 million tons of beef, and according to the data on beef imports, imports increased by 37%, of which Uruguay's imports increased by 26%. As China expands its trade with Uruguay, that number will only increase.

Wen | Wei Yansong titled| huang zixin | Li Zeju

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