China beef quota rumours and jitters but no need for cattle producer price panic

Quota race gluts China’s red meat stores

Reading Time: 2 minutes A race to fill quota has left Chinese beef inventories bulging and potentially limited the upside for New Zealand exporters seeking to take advantage of Australia’s maxing out its entitlement for the year. China imposed quota limits on its six largest suppliers at the beginning of this year. Australian media reported this week that the country has become the first to fill its allocation and will face a 55% tariff on its b…

China beef quota rumours and jitters but no need for cattle producer price panic

There's no official word from Beijing or Canberra, but the meat export trade says China's anticipated 205,000 tonne import quota on Aussie beef has been triggered.