Beef imports expected to double by 2018
Beef imports to China are likely to double by 2018, according to a report, which also said there are signs that China is changing its stance on beef imports from Brazil and the United States.
Pan Chenjun, a senior analyst at Rabobank Group, said domestic beef output is declining while there is a growing demand for high-protein food in China, the world’s biggest meat consumer.
Pan said China is likely to lift a mad cow-related ban on Brazilian beef within the year and allow US beef imports in the next two years. Australia is China’s top beef supplier.