China’s post-Covid reopening provides global beef opportunities
The recent removal of Covid restrictions in China opens opportunities for Australian exporters to tap into changes in Chinese beef consumption, Rabobank says in a newly released report.
In its Q1 Global Beef Quarterly, the specialist agribusiness bank says “China’s reopening” will offer business opportunities for beef exporters, but also generate volatility in the global market.
The bank expects overall Chinese household consumption will rebound strongly from the low base of 2022, and, with it, demand for beef is also expected to rise, albeit slowly.
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