Chinese Hot-Pots Stir Imports of Beef, Mutton: Chart of the Day
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Chinese eat almost 50 percent more pork than Americans. Now they’re adding more beef and mutton to their diets, driving up prices and spurring record imports.
The CHART OF THE DAY compares average retail prices in China of beef, mutton and pork since 2011. Beef has risen 65 percent and mutton 40 percent compared with a 17 percent drop for pork belly, which at 25.36 yuan ($4.13) per kilogram is now about two-thirds cheaper than the alternatives, National Bureau of Statistics data show. The lower panel shows annual imports of beef and mutton, according to data from Rabobank International, which the bank forecasts will both rise by more than 30 percent this year.