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China buys 50,000 Uruguayan cattle and Australian beef traders are crying? -Hong Kong Economic Times-China Channel-Economic Pulse

Tension in Sino-Australian relations has affected the beef trade. China imported more than 300,000 tons of beef from Australia last year, making China the largest buyer of Australian beef. However, reports pointed out that due to the deterioration of Sino-Australian relations, Australian beef exports to China have been blocked recently, and many companies have suspended shipments to China; while other countries are rushing to capture Australia’s beef market. Among them, Uruguay will export 50,000 live cattle to China. .

The new mainland financial media “Golden Ten Data” quoted Uruguayan media reports that Di Santi, a Uruguayan animal husbandry company, has reached a cooperation with Chinese buyers and plans to supply 50,000 live cattle to China, of which 10,000 are planned to be exported this year. The company also stated that it had sent 4,050 live cattle of two major breeds to China on December 10 for cattle breed improvement.

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At present, Uruguay is the seventh largest beef exporter in the world, with an average of 3.5 heads of cattle per capita, maintaining a long-term record of the number one in the world. Uruguay’s cattle are all raised in natural environments and have complete sanitary conditions. Exported cattle can be traced. It is worth mentioning that in some countries with strict food requirements, Uruguayan beef can even enter without inspection for foot-and-mouth disease.

Uruguay is the world’s seventh largest beef exporter

The report pointed out that due to its obvious competitive advantage, Uruguay has gradually become an important beef supplier to China since 2013. In recent years, China’s beef consumption has grown rapidly, and beef imports from this country have been further expanded. According to data, China imported 278,800 tons of beef from Uruguay in 2019, a sharp increase of 85.8% year-on-year, accounting for about 17% of China’s beef imports. Today, more than 50% of Uruguay’s beef is sold to the Chinese market.

In September of this year, Uruguay announced a five-year plan to achieve a 25% increase in meat exports during 2020-2025, and the Chinese market is the goal it continues to strive for. At the same time, with the decline of Australian beef exports to China, Uruguayan beef continues to gain the attention of Chinese buyers, and related companies continue to get large orders. Uruguay is expected to achieve its goals.

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The report also mentioned that Australia is also an important supplier of Chinese beef. In 2019, it accounted for about 17% of China’s beef imports, which is on par with Uruguay. In the past, with the export advantages brought by the China-Australia Free Trade Agreement, Australian beef was in China. The market has achieved rapid growth, but Australian beef is being “suppressed” by Chinese buyers due to repeated problems.

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Since the beginning of this year, China has suspended six Australian butchers’ beef counterparts for reasons such as inspection and quarantine. Affected by the interruption of exports by Australian enterprises, data from the Australian Department of Agriculture show that in September this year, Australia’s beef exports to China fell by 64% compared with the same period last year. Faced with this situation, some Australian media are worried about the prospects of beef exports.

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Australia’s “Sydney Morning Herald” reported that at the China International Import Expo in November, the Argentine Beef Association “captured Australia’s misfortune.” Even after 14 days of quarantine, it still rushed to the Chinese market to showcase beef products to buyers. , Other countries are planning how to seize Australia’s market share in the Chinese beef market.

It is understood that in addition to Uruguay, Brazil, Argentina and New Zealand are also strong rivals in the beef field of Australia, and their market share in the Chinese beef market is expected to further expand.

Editor in charge: Deng Guoqiang

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