Agriculture & Food

On August 26, 2021, the General Administration of Customs updated the "List of Meat Products Exported to China from Countries or Regions Complying with the Evaluation and Review Requirements" and suspended 4 pork companies from France, Spain, Italy and other countries from shipping from August 26, 2021 Import declaration of pork products exported to China. Recently, 11 meat exporting companies from Austria, Spain, Brazil, France, Italy and other countries exported their meat products to China. Portugal's 1 pork company resumed on August 25.

Update on August 26, 2021:

1. Suspend the acceptance of import declarations for pork products exported to China by pork companies with French registration numbers FR 01.053.034 CE and FR 01.053.003 CE starting from August 26, 2021.

2. From 0:00 on August 27, 2021, the acceptance of the import declaration of a Thai company registered in China (registration number EST197) will be suspended for 4 weeks, and it will automatically resume after the expiration date.

3. Suspend the acceptance of import declarations for pork products exported to China by companies with Spanish registration number 10.07986/B starting from August 26, 2021.

4. Suspend the acceptance of import declarations for pork products exported to China by pork companies with the Italian registration number CE IT 312 M starting from August 26, 2021.

Update on July 26, 2021:

1. Suspend the acceptance of import declarations for meat products exported to China by companies with Spanish registration number 10.04472/B starting from July 26, 2021.

2. Suspend the acceptance of import declarations for meat products exported to China by companies with Portuguese registration number R62 starting from July 26, 2021.

Update on July 29, 2021:

Suspend the acceptance of import declarations for meat products exported to China by companies with Spanish registration number 10.17362/BU starting from July 29, 2021.

Update on August 3, 2021:

Suspend the acceptance of import declarations for meat products exported to China from companies with the registration number SIF3515 from Brazil starting on August 3, 2021.

Update on August 6, 2021:

Suspend the acceptance of import declarations for meat products exported to China by companies with Spanish registration number 10.10709/Z starting from August 6, 2021.

Update on August 23, 2021:

1. The pork company with the Austrian registration number AT 61877 EG will voluntarily suspend the export of pork products to China starting on August 13, 2021.

2. Suspend the acceptance of import declarations for poultry products exported to China by enterprises with Russian registration numbers RU-068/ZS04410 and RU-031/VM03456 starting from August 21, 2021.

3. Suspend the acceptance of import declarations for pork products exported to China by companies with Spanish registration numbers 10.01184/B and 10.03948/L starting from August 21, 2021.

Update on August 25, 2021:

A pork company whose registration number is R62 in Portugal has been restored. Pork products produced in compliance with China's requirements have been exported to China since August 25, 2021.

my country's pig price plummet affects the global market

Ministry of Agriculture and Rural Affairs: Prices of live pigs and pork fell year-on-year

According to the monitoring of the Ministry of Agriculture and Rural Affairs, from August 16 to August 22, 2021, the average purchase price of pigs from designated slaughter companies above designated size was 16.10 yuan/kg, a decrease of 1.7% from the previous month and a year-on-year decrease of 57.2%. The average ex-factory price of white strip meat was 21.48 yuan/kg, down 1.6% month-on-month and 55.0% year-on-year.

US media: China's pork price drops affect the global market

According to an information from the World Wide Web, an article on the PorkBusiness website of the US "Farm Magazine" on August 24, 6 reasons why China's (pork) price cuts will affect the global market The price of pork in China has plummeted beyond everyone's expectations, Rabobank analysis The teacher said in the company’s "third quarter pork quarterly report". In the first quarter of 2021, the price of live pigs in China plummeted below the price of imported pork, and the prices in the past three months have fallen below the break-even point of most pig farms.

Six reasons why the global pork trade is facing severe fluctuations:

It is expected that China's pork imports will be lower in the third quarter of this year. (Ms. Dong believes that from the recent data released by the customs, it can be seen that the continuous suspension of the export of pork from many countries to China has greatly reduced the demand)

European pork exports are highly dependent on China.

The price impact depends on the degree of decline in pork exports to China.

Finding new export markets may alleviate the impact of reduced Chinese import demand.

The weakness in US exports to China was offset by strong domestic demand and strong demand in alternative export markets.

The decline in Chinese demand is the main challenge facing Brazilian exporters.

Analysts said that China's live pig prices will rebound in the third quarter. Due to the massive slaughter of live pigs and the emptying of breeding pigs, Rabobank expects the slaughter volume in the third quarter of this year to decrease compared with the second quarter.

Rabobank said, “The impact of the record rainfall (in July) on livestock production is still unclear. Henan is one of China’s largest hog producing provinces. Even if the direct impact of rainfall is limited, it is still considered to have a significant impact on crop quality, The spread of disease and food safety have a significant indirect impact. This will increase the uncertainty of the rate of production recovery in 2021"