Russia becomes top-supplier of beef to China
31 Jul, 2021 06:28
Russia has overtaken Australia, Argentina and Brazil in beef exports to the Chinese market, which are likely to grow further over the next five years, the Center for Industry Expertise (CIE) of Russia’s Rosselkhozbank says.
China bought some 3.7 thousand tons of Russian beef in the first quarter of 2021, 20 times more than during the same period last year, the industry department of the agricultural bank reported.
Over 55% of Russia’s total cattle meat exports go to the Chinese market. Overall, Russia sent about 6.5 thousand tons of cattle meat abroad in January-March, nearly two and a half times more than a comparable period in 2020.
Cattle meat production in Russia has been growing since 2018, with experts stating that its dynamics remained positive, even amid the pandemic. Russia produced a total of 314,000 tons of cattle meat in the first quarter of 2021.