As Omicron hits new highs in parts of China, local authorities are trying to adopt pandemic measures that won’t hammer people’s livelihoods. However, the worst-affected cities or regions still must adopt partial or total lockdown policies. The epidemic will affect the economy in the short term, especially offline consumption in areas such as tourism and […] Read more
Market Intelligence Update from Canada Beef: Foodservice and importers suffer in China and Hong Kong as Omicron wave peaks
Market Intelligence Update from Canada Beef: China’s beef imports growing, but high prices lead to uncertainty
Chinese beef imports have grown on the mainland, but in Hong Kong, beef supply is tight and prices are on the rise. China imported 1.97 million tonnes of beef year-to-date October, up 12 per cent from 2020. Overall imported beef value is expected to exceed $11 billion USD for 2021. Although the overall beef price level in November dropped slightly, […] Read more
Canada Beef Market Intelligence Update: Beef imports up in China, down in Hong Kong
China’s economic growth in the first quarter of 2021 hit a record 18.3 per cent, and that economic growth has translated into more beef imports. As of March, China imported 623,947 MT of beef with a growth rate of 20 per cent year-over-year. Canadian beef import volumes grew 143 per cent compared with the same period last year, reaching […] Read more
Canadian Cattlemen Presents: Depth of Field
