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The Chinese market remains closed to U.S beef but the country is said to increase imports from other supplying countries to meet domestic demand.
The USDA (United States Department of Agriculture) forecasts China’s pork consumption at 57 million tons in 2016, a slight decrease from USDA’s 2015 official forecast.
As Chinese producers remain affected by high production costs and must cope with increasingly strict environmental regulations introduced at the beginning of 2015, imports are expected to play a larger role in meeting domestic demand next year; 830,000 tons are forecasted, an increase of 4% over USDA’s official estimate.
The USDA’s Foreign Agricultural Service forecasts beef consumption at 7.4 million tons, slightly above 2015 levels, and say the Chinese market remains closed to U.S. beef but imports from other suppliers are expected to reach 600,000 tons.comments powered by Disqus