Reported about 7 hours ago
China's beef imports reached a record of 2.87 million tons in 2024, 5% more than the previous year, amidst declining domestic demand and falling prices. This surge in imports poses risks of trade restrictions as local farmers struggle with losses, prompting government investigations into the impact of these imports on local production. While Brazil and Argentina benefit from China's shift to cheaper beef, any protective measures could adversely affect these exporting nations.
Source: YAHOO