January 20, 2016
China's first Hungarian beef shipment - 12-tonne frozen beef valued at US$70,600 – had reached Shanghai's Yangshan Port last week, Ecns.cn reported.
According to the Shanghai Customs and Shanghai Entry-Exit Inspection and Quarantine Bureau, the products should enter the market before the Chinese Lunar New Year in early February.
This development came after a MOU was signed between China and Hungary in 2015. Hungary's beef cattle, production processes and food safety management underwent inspections before both nations reached a 2014 deal for frozen beef to be delivered to China.
In October last year, the first beef trade agreement was signed.
Currently, Chinese demand for beef and mutton is on the rise, with Shanghai bringing in close to 170,000 tonnes or about US$836 million worth of such products in 2015.