CRI report: In recent years, the livestock husbandry industry ushers in new development opportunities. The central government attaches high attention to the livestock husbandry industry's development. For consecutive 6 years, Document NO.1 of the Central Government raises specific requirements, issues a series of polices and increases investments to support and speed up the industry' development. Therefore, a policy system is preliminarily established and powerful policy guarantees are provided for the constant development of a modern livestock husbandry industry. Research Report on China's Cattle Production Industry and Beef Market, 2012-2013
At present, the consumption volume of beef per capita in China is about 5kg, but that of developed countries has achieved 40kg. Therefore, the development space of beef consumption demand is quite huge. With the rapid development of Chinese economy, higher speed of urbanization and increasing living standards of Chinese residents, the consumption demand of urban and rural residents for beef will keep increasing in the next few years.Research Report on China's Cattle Production Industry and Beef Market, 2012-2013
From a global view, the production costs of beef in China only account for about 50% of the average costs of the world. Therefore, the beef in China has advantages in costs and prices over that of other countries. The beef has huge export potentials. With increased qualities of beef products and improvements of marketing networks, the beef products in China have great advantages in production costs and export prices. The beef products have increasingly huge export potentials to Southeast Asia, Middle East, Russia, etc. The potential demand of the international market is a huge driven power of the beef industry's development, according to Research Report on China's Cattle Production Industry and Beef Market, 2012-2013
In terms of the supply, China is the third largest beef producer in the world and its beef production volume accounts for about 10% of that of the world. With growing demand for beef, large-scale and standardized breeding models are increasingly important, to improve the output volume of cattle and qualities of beef. Furthermore, many resources in China can be utilized to improve economic performance and ecological benefits. Research Report on China's Cattle Production Industry and Beef Market, 2012-2013
However, the development level of large-scale and standardized breeding models of livestock and poultry is far away from the required level of a modern livestock industry. Therefore, Ministry of Agriculture will vigorously promote its development to ensure sufficient supply of beef cattle.