ANALYSIS: China’s Aug 2024 Beef Imports Up 7.4% MoM Before Holidays; Economic Woes Sink YoY Growth
China’s August 2024 beef imports rose 7.4% month-on-month (m-o-m) to 231,335 metric tonnes (mt), according to the data released by the General Administration of Customs People's Republic of China.
Monthly increases were recorded at 16,013 mt, representing the second consecutive rise since June's 13-month low, fuelled by increased shipments from Brazil, its top supplier.
The higher import figures were in line with market expectations ahead of the winter season. Historically, demand for red...
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