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China wants cheaper beef | The Land



PRICE PRESSURE: Rabobank senior animal protein analyst Chenjun Pan said the US has been taking advantage of the protein gap in China.

China has grown to become one of Australia’s largest beef markets, but record domestic cattle prices have Chinese importers looking elsewhere to fill their protein gap.

Beef export volumes to China are likely to see a larger decline due to price and supply than the more stable and established markets, according to Rabobank.

Rabobank senior animal protein analyst in China, Chenjun Pan, said despite contrasting reports, a new wave of African Swine Fever has hit China this year.

“The impact is very serious – we estimate around 20 to 30 per cent of sow herd has disappeared compared with the end of last year….

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