Reported 12 months ago
The Chinese beef market is experiencing a dilemma with prices dropping due to a surplus of meat in freezers and a slowing economy. The government's efforts to boost production and open up imports have led to a five-year low in local beef prices, causing many in the cattle industry to operate at a loss. With increased imports and reduced demand, the industry may see further challenges ahead, including potential increased slaughtering of herds and decreased consumption due to economic pressures.
Source: YAHOO