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Yike Food Partners with Shandong Guangming Bio on Broiler Breeding Projects
Yike Food, a Chinese poultry processor, has signed an agreement with Shandong Guangming Biotechnology Co., Ltd., a Chinese broiler breeder, to collaborate on industry development initiatives. The two companies will jointly build and share external resources, co-apply for, and undertake national and provincial-level boiler breeding projects.
Additionally, the partners plan to invest in new broiler breeding bases in Shandong and other regions of China. As part of the agreement, Shandong Guangming Bio will prioritize supplying high-quality breeding stock to Yike Food to support...
What Trump Tariffs Mean for Food and Agriculture Trade
US President Donald Trump announced a 25% tariff on imports from Canada and Mexico and an additional 10% tariff on imports from China.
Tariffs for Canada and China are in effect as of February 4, while the tariffs on Mexico have been delayed for one month following negotiations with Mexican President Claudia Sheinbaum, who agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking...
Wens Food Group Grows FY2024 Pork and Chicken Sales
In FY2024, Wens Food Group sold 30.2 million pork products (including live pigs and fresh pork), generating CNY 61.8 billion (approximately USD 8.5 billion) in revenue. The average sales price of live pigs for the year was CNY 16.7 per kilogram (approximately USD 2.3). Compared to 2023, the sales volume, revenue, and average sales price increased by 14.9%, 33.5%, and 12.9%, respectively.
"The year-over-year increase in revenue from pork product sales in 2024 was primarily attributed to higher sales volumes and increased average...
Muyuan Group Sells 71.6 Million Pigs in FY24
Muyuan Group, a large scale Chinese livestock producer, has released its live hog sales data for December 2024, the fourth quarter, and the full fiscal year.
In December 2024, the company sold a total of 8.6 million pigs, including 8.2 million commercial pigs, 360,000 piglets, and 31,000 breeding pigs. These sales generated revenue of CNY 15.4 billion (approximately USD 2.1 billion). Among the total sales, 2.2 million pigs were sold to Muyuan’s wholly-owned subsidiary, Muyuan Meat Co., Ltd., and its subsidiaries.
The average sales price of commercial...
Trump to Lay Out Trade Vision but Won't Impose New Tariffs Yet
President-elect Donald Trump is planning to issue a broad memorandum Monday that directs federal agencies to study trade policies and evaluate U.S. trade relationships with China and America's continental neighbors -- but stops short of imposing new tariffs on his first day in office, as many trading partners feared.
The presidential memo directs federal agencies to investigate and remedy persistent trade deficits and address unfair trade and currency policies by other nations, two longstanding Trump irritants. And it singles out China, Canada and Mexico for scrutiny, directing agencies...
Foreign-Owned Agricultural Land in the US Increases
From 2022 to 2023, there was a 1.58-million-acre increase in foreign-held agricultural land, according to Farm Bureau. In the US, 45.85 million acres of agricultural land were held by foreign investors in 2023, representing 3.61% of total privately held agricultural land, according to the USDA’s Agricultural Foreign Investment Disclosure Act (AFIDA) report which shows an upward trend of land ownership by foreign entities across the nation.
Since 2010, reports of foreign-held agricultural land have increased. This expansion is 21 million acres, or an area larger than South Carolina...
ANALYSIS: Economic Headwinds Drag China’s 2024 Meat Imports Down 9.7% to 6.66M mt
China’s 2024 total meat imports, including variety meats amounted to 6.66 million metric tons (mt), falling 9.7% compared to the previous year, according to the latest preliminary data from the General Administration of Customs of the People's Republic of China.
As the world’s largest meat importer since 2019, China’s meat imports in 2024 decreased for the fourth consecutive year. From the spillover effects of its recovery from African Swine Fever (ASF) and stockpiling efforts in 2023 to increased domestic production, economic challenges...
ANALYSIS: China's Beef Imports Under Scrutiny: Overview of Historical Data of Key Suppliers
China's Ministry of Commerce has formally initiated an investigation into the surge of beef imports, which domestic stakeholders claim is causing severe harm to local industries. The application, submitted by major agricultural and livestock associations, outlines a detailed case for imposing safeguard measures under the nation's trade remedies legislation. This move comes in response to a significant rise in beef imports with lower pricing of imports undermining the domestic market...
ANALYSIS: China’s Nov 2024 Beef Imports Hit 11-Month Highs at 261,343 mt
China's beef imports rose for the second consecutive month in November 2024, reaching 261,343 metric tons (mt), the highest level since January, according to data from the General Administration of Customs of China (GACC).
Climbing by 10.1% month-on-month (m-o-m), the tonnage was up by 24,079 mt amid higher volumes from Brazil, its largest supplier, along with notable contributions from Argentina, Uruguay and the United States (US).
Year-on-year (y-o-y), imports grew by 10.4% (+24,678 mt) driven primarily...
USMEF Partners with Sam’s Club on U.S. Beef Training and Promotion in China
U.S. beef played a prominent role in the recent grand opening of Sam’s Club’s 50th retail outlet in China. In addition to sampling and promotions during grand opening events, U.S. beef was featured the previous day at a special promotional event. To publicize the freshness of chilled U.S. beef available at the store, USMEF livestreamed the fabrication of a chilled U.S. beef carcass (see section at page bottom)...
China Lifts Final Market Bans for Two Australian Beef Plants
As of December 3rd, 2024, two Australian beef plants (Plant 1620 Australia Country Choice Production Pty Ltd and Plant 243 John Dee Warwick Pty Ltd) were approved for export to China, according to the General Administration of Customs of the People’s Republic of China.
The plants were banned from China’s market from 2021 and 2020 amid strained relationships between the two trading partners.
“This is great news for Australian exporters, producers, and farmers... it’s a win for trade and a win for Australian jobs – something my Government will always back,” said Prime Minister Anthony Albanese.
Brazil Opens New Markets in China and Increases Number of Authorised Meatpacking Plants
During Chinese President Xi Jinping's visit to Brazil on 20 November agreements were signed on the opening of five new markets and certifying of 38 new meatpacking plants.
The Brazilian Ministry of Agriculture and Livestock (Mapa) finalized four phytosanitary protocols in collaboration with China's General Administration of Customs (GACC). These agreements enable exports of fresh grapes, sesame, sorghum, and fish-derived products such as fish meal and oil for animal feed to China. Earlier in June, China approved Brazilian pecans for import...
ANALYSIS: China’s Oct 2024 Beef Imports Rebound to 7-Month High at 237,264 mt
China's October 2024 beef imports rose to a 7-month high to 237,264 metric tonnes (mt), according to the latest data from the General Administration of Customs People's Republic of China.
Increasing by 8.7% month-on-month (m-o-m), October 2024’s imports rose by 19,066 mt from September 2024’s 5-month low. This rebound was primarily fuelled by stronger shipments from Brazil, its largest supplier, along with notable contributions from Uruguay and New Zealand.
Year-on-year (y-o-y), imports...
Philippines Surpasses China in Brazilian Pork Imports as Sector Hits Record Shipment Revenues
The Philippines has emerged as Brazil's largest export market for pork in 2024 with 206,000 tonnes shipped between January and October, a 103% year-on-year increase, displacing China as the top importer who, during the same period purchased 199,900 tonnes, down 41% according to The Brazilian Animal Protein Association (ABPA).
In October 2024, Brazil's pork exports, including fresh and processed products, reached 130,900 tonnes, representing the second-highest monthly total in the industry’s history and a 41% increase from the 93,000 tonnes...
ANALYSIS: China’s Sept 2024 Meat Imports Slump 4.3% M-o-M; Ends Two-Month Growth Streak
China’s total meat imports, including variety meats fell in September 2024, amounting to 540,543 metric tonnes (mt), according to the latest preliminary figures from the General Administration of Customs of the People's Republic of China.
On a monthly basis, imports slipped 4.3% (-24,559 mt), partially affected by the shorter working month due to the observance of the Mid-Autumn festivities.
Annually, imports plummeted by 9.2% (-54,457 mt) in September, marking the eighth consecutive month since the start of the year...
ANALYSIS: China Set to Trigger Safeguard Mechanism on Australian Beef Imports for the 5th Time
Australian beef imports into China may soon face a 12.0% Most-Favoured Nation (MFN) tariff rate, as the Special Agricultural Safeguard (SSG) mechanism is set to trigger for the fifth time.
Following previous activations in 2018, 2019, 2020, and 2023, this tariff applies for the remainer of the year if imports from Australia exceed 178,418 mt in 2024.
Based on the data from the General Administration of Customs of the People's Republic of China, imports from Australia at the end of July...
ANALYSIS: China's July 2024 Beef Imports Rebound; Ebbing Economy Slashes Yearly Growth by 27%
China’s July beef imports rebounded 3.2% month-on-month (m-o-m) from June’s 13-month low at 215,322 metric tonnes (mt), according to the data released by the General Administration of Customs People's Republic of China.
This growth was led largely by higher imports from its key suppliers such as Brazil, Australia, the United States (US) and Uruguay. Earlier in June 2024, volumes plunged to a 13-month low, falling to 208,718 mt.
The higher July beef import figures were in line with the...
ANALYSIS: July 2024 Brings 4.8% Rebound in China’s Meat Imports After Extended Decline
China’s July 2024 meat imports, including variety meats saw a 4.8% monthly increase, reaching 539,913 mt, according to preliminary customs statistics from the General Administration of Customs of the People's Republic of China. This marked the first rise after three consecutive months of declines.
Earlier in June 2024, volumes slipped to a 12-month low, with volumes recorded at 514,957 mt.
The yearly figures underscored China’s ongoing challenges in the meat sector. Imports continued to plummet, shedding 20.5% year...
ANALYSIS: China’s 1H Beef Imports Grew 17% YOY; June 2024 Figures at 13-Month Low
China’s 1H beef imports gained 17% year-on-year (y-o-y) amounting to 1,438,837 metric tonnes (mt) or 1.43 million mt, the newly released General Administration of Customs People's Republic of China data indicated.
The world’s second largest economic powerhouse continued to source beef primarily from South America, with Brazil, Argentina, and Uruguay accounting for a substantial 73.4% (1.05M mt) of its supplier base. The Oceanic regions, including Australia and New Zealand, represented 15.0% (216,300 mt), while the United States contributed just 4.8%...
ANALYSIS: China’s June 2024 Meat Imports at 12-Month Low, 1H 2024 Fell 13.4% YoY
China’s June 2024 meat imports, including entrails, slipped to a 12-month low, with volumes recorded at 514,957 mt, as shown by preliminary customs statistics from the General Administration of Customs of the People's Republic of China.
Imports plunged 31.3% year-on-year (y-o-y) and fell 7.5% month-on-month (m-o-m) from May 2024's556,642 mt as the world’s second largest economy continued to struggle with low domestic consumption.
In the first half of 2024, China imported...
Meat Institute Opposes Section 301 Tariffs; Calls for Comprehensive Trade Agreements
In comments submitted to the U.S. Trade Representative (USTR) opposing the proposed modifications to the Section 301 actions, the Meat Institute called for comprehensive trade agreements as a long-term strategy to level the playing field for meat and poultry companies and to hold China accountable for its actions.
“The Section 301 tariffs and resulting retaliatory measures imposed by China have caused undue harm to U.S. agricultural exports, including meat exports. U.S. trade policy, such as the one proposed in this Section 301 action, should not inflict pain...
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ANALYSIS: Australia’s January Beef Exports Ease into 2025 at 81,050 mt