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Wednesday, February 17, 2021 China will outpace the US by nearly $2 trillion in ecommerce this year
February 17, 2021 (New York, NY) – China will take a step in its digital transformation this year that once would have seemed almost unthinkable. For the first time anywhere, a majority of retail sales for an entire country will transact online. We forecast that 52.1% of China’s retail will come from ecommerce in 2021, up from 44.8% last year. For almost every other country in the world, this datapoint remains far out of reach. The country with the next highest rate of ecommerce as a share of total retail sales is South Korea, which we project will transact 28.9% of its sales online this year. In the US, the figure will be just 15.0%, and the average among Western European countries will be 12.9%. ....
SHARING OPTIONS: Supplies of well-fleshed hoggets have tightened, with butcher and wholesale activity increasing as a result. \ Claire Nash The highlight of the trade on Monday is the strong reports surfacing from sheep sales. Cork Marts Corrin sales yard in Fermoy topped the highlights, with a top price of €164 paid for Charollais-cross ewe hoggets weighing 51.8kg. The sale was not a one-off, with the hammer falling on another pen of 11 hoggets weighing 55.6kg at €162. Another notable price achieved was €158 paid on two occasions for hoggets weighing 50.6kg and 53.3kg. Tight supplies The trade was driven by tight supplies, with an entry of just 17 lots of hoggets. ....
SHARING OPTIONS: There is a much steadier feel to the beef trade in Northern Ireland, with some plants easing quotes. Hogget prices are starting to rise after recent price pressure. There is a much steadier feel to the beef trade this week, with signs of factories looking to ease prices. Some plants have cut base quotes by 4p/kg, while others left quotes unchanged. This puts the range of quotes for U3 grading animals on 370p to 374p/kg. Despite cuts to base quotes, farmers killing cattle indicate prices are similar to previous weeks, especially for those on a regular killing arrangement. ....