News African swine fever
Chinese cold stores chock full of pork
China has imported so much pork in recent months that the cold stores are now chock full. As a result, the export opportunities of European meat exporters seem to be shrinking.
The warehouses near port cities (such as Shanghai, Tianjin and Dalian) are almost full, Wang Zheng on behalf of the Chinese committee of cold logistics told Bloomberg. There are reportedly half a million tons of pork in storage in Tianjin alone.
Record volumes imported
Especially in the months of March and April, China imported a lot of pork. In March, for example, European member states shipped a record volume of 174.000 tons of pork to China. That is about 40% more than in the same month in 2018. The United States and Brazil also saw their export figures increase significantly.
The meat prices in China have not increased afterwards, so the parties are now waiting to put these stocks on the market. Meat consumption in China generally picks up towards the end of the year. With the ample stocks, China seems to be covered for the time being against meat shortages. They were lurking by the outbreaks of African swine fever.
Meat prices under pressure
The noises about high meat stocks in China correspond to the comments Vion gave this week when explaining the pig price† The slaughterhouse indicated that meat prices in China are currently under heavy pressure.
Wouter Job
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