Shang­hai beef im­ports in­crease

China Daily (Hong Kong) - - BUSINESS -

Shang­hai im­ported 394,000 met­ric tons of beef dur­ing the first five months of this year, up 51.8 per­cent on a yearly ba­sis, Cus­toms data showed. Im­ports rose 72.9 per­cent on a yearly ba­sis in value terms to 15.55 bil­lion yuan ($2.2 bil­lion), while the av­er­age beef im­port prices rose by 13.9 per­cent year-on-year to 39.4 yuan per kg. Brazil, Ar­gentina and Aus­tralia were the top three sources of beef im­ports in Shang­hai.

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