In spite of a slower economy, China will keep playing an important role in global beef market in 2016. According to Rabobank, although the grey channel has made the market volatile, the massive market will continue to offer sustainable opportunities for the rest of the world. In the first half of 2015, only six countries were allowed to export beef to China, i.e. Australia, Uruguay, Argentina, New Zealand, Canada and Costa Rica. By the end of 2015, Brazil Hungary and Chile had been added to the list of approved suppliers. Market shares by country of origin will look considerably different by the end of 2016 with Brazil likely to edge out Australia as the. Read more...
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