Industry Trend Analysis - China Trade: Meat Imports To Remain Strong In 2017 - FEB 2017
BMI View: C ontrary to other agricultural imports , which are proving weak in 2016 /17 thus far , China's meat imports are reaching record levels due to local production issues and we expect import demand for pork, beef and poultry meat to remain robust in 2017. Milk powder imports will pickup in 2017. Meanwhile, g rains and softs imports - with the exception of palm oil, soybean and sugar - will remain weak in the coming quarters due to oversupply issues and the authorities' limitations o n imp orts for certain products.
In this monthly article we analyse and forecast China's import demand for agricultural products.
Grains Imports Key Views:
Low Stocks To Maintain Elevated Imports In 2017 China - Palm Oil Imports & Stocks ('000 tonnes, three-month moving average) Source: China General Customs Administration, BMI, Bloomberg
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