Imported beef stocks resume downward trend

After three consecutive months of increases, the volume of imported beef held in Chinese cold stores has resumed the contraction seen during the second half of 2024.

According to the monthly publication OIG+X, the stock index fell from 80 in March to 77 in April. The index is based at 100 in January 2023 and stayed near that peak through much of the first half of 2024. Compared with April last year, imported beef inventories in China are down roughly 20 percent.