market

In the first 10 months, the total export value of agricultural, forestry and aquatic products reached US$51.74 billion, an increase of 20.2% over the same period in 2023

The scale of aquaculture and poultry farming has expanded, and the demand for feed has continued to grow.

The beef export situation of major countries to China in September 2024 is as follows:

Overview of China’s beef import data
Overall trend:
In September 2024, China's total beef imports were 219,000 tons.
A year-on-year increase of 17.5% and a month-on-month increase of 25.1%.

Main import source countries:
Brazil, Argentina and New Zealand are China's main sources of beef imports.
Export situation of specific countries

The supply of crabs in the market gradually increased in October, and prices varied due to factors such as variety, origin, and specifications.

Guizhou Moutai continued to rank first, with food performance exceeding 140 billion yuan.

Head companies such as Guolian Aquatic, Hengxing Aquatic, and Anjing Foods have taken the lead in the market with their perfect industrial chain and strong brand influence.

In August 2024, main agricultural imports were "oil-containing kernels, etc.", "meat and edible offal" and "edible fruits and nuts, etc.", with imports of US$6.71 billion, US$1.90 billion and US$1.51 billion respectively

From January to August 2024, the top three products in terms of China's grain import value were soybeans, corn and wheat, with imports of US$359,993 million, US$34,372 million and US$33,499 million, respectively, accounting for 734%, 70% and 68% of the total grain imports

From January to August 2024, the top three products in terms of import value of livestock and poultry meat products in China were beef, pork offal and pork, with imports of US$9,005.4 million, US$1,733.4 million and US$1,357.3 million, respectively, accounting for 58.7%, 11.3% and 8.9% of the total import value of poultry meat products

The logic behind price reduction is to exchange price for volume, but there is a prerequisite, that is, only some companies use it or only reduce prices during certain time periods. When everyone does this, the price reduction will have no effect.