China imported a record amount of beef in the month of July, with most of it coming from Brazil. But a meat analyst says it could soon become Australia's biggest market.
Brazil's beef exports are ramping up after a temporary trade suspensionNew figures show China imported a record 294,963 tonnes of beef in July, mostly from Brazil.
"But once that was resolved, some of the Brazilian product that was held back went out in shipments and there was a renewed confidence in China.China imported a record amount of beef in July."I think we're on track for another healthy year from all supply countries into China," he said "So let's not mistake this for strong demand, it's just Australia is pricing itself into that market at competitive levels, which is a really important fact."Mr Quilty said the current situation facing China's economy was similar to what happened in Japan in the 1990s.
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