September and October have seen reductions of more than 40% in Chinese pork imports compared to the same period of the previous year.
Chinese pork imports during October continued to decline and stood at 200,000 t, the lowest value since November 2019 and 41.1% lower compared to the same month last year. September marked a record decline of 44.8% (210,000 t vs 380,000 t).
During the first 10 months of this year, total pork imports stood at 3,340,000 t, down 7.5% compared to the same period last year.
China: Monthly pork imports. Source: 333 based on GACC data.
November 23, 2021/ 333 Staff with data from GACC.
Pork production in China has recovered rapidly, as illustrated by the sharp drop in prices in the first half of 2021.
The country's pork production and pig inventory continue to increase.
Month by month, EU pork exports to China are decreasing, with the cumulative total as of July already below 2020 levels.
China has lowered its sow herd inventory target in an effort to control supply and stabilize prices.
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