Chinese beef import restrictions to reshape global beef flows
Chinese beef import restrictions to reshape global beef flows
CHINA’S recent announcement of beef import restrictions will reshape global beef markets for years to come, Elders senior markets analyst Richard Koch suggests.
Trade flows are already being distorted as Chinese beef prices lift to drag beef exports off other markets as Chinese importers rush to position themselves ahead of restrictions.
As restrictions bite, the net effect will be up to 100,000t of Australian beef and 600,000t of Brazilian beef looking for a new home outside China sometime late
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