Reported 6 days ago
China has launched an investigation into rising beef imports following concerns from domestic farmers that an influx of overseas shipments is harming the local industry. This probe, requested by industry associations, may last up to eight months and could lead to safeguard measures that might affect major beef exporters like Brazil, Argentina, and Australia. Domestic beef producers are facing significant losses due to falling prices caused by oversupply and low consumption.
Source: YAHOO