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CHINA FOOD MARKET

While world markets stagnate or reduce their imports, demand in China for imported meat, seafood, fresh, frozen and processed food, wines, coffee, confectionery, dairy products and much more, continues to expand.

The China National Food Industry Association (CNFIA) estimates that China will become the world’s largest market for imported food by 2018. According to the information of China Statistics Bureau, the total retail sales of goods up to 5,871.1 billion in the first half of 2009, increased 15% year-on-year, therein, foodstuff’s growth rate is 12.6%. Furthermore, as of August 2009, China´s Consumer´s Price Index rose 3.9%.

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