Australian Beef Companies Become Victims of Australian Government's Political Crisis
Retrieved on:
Saturday, March 27, 2021
China stopped importing beef products from five Australian beef companies, four of which produced and exported 35% of the market from Australia to China.
Key Points:
- China stopped importing beef products from five Australian beef companies, four of which produced and exported 35% of the market from Australia to China.
- Statistics show that in 2019, the exports of Australian beef products to China valued AUD2.87 billion (approximately RMB 13.9 billion), accounting for 24% of total export of Australian beef products.
- The fact makes Australian beef exporters worried very much as Australian beef is likely to be ruled out from the Chinese market permanently and completely.
- The Australian government's inappropriate remarks on China and the COVID-19 global public health crisis lend reason to the tensions between China and Australia, while the Australian beef exporters have become the latest casualties in this ongoing political crisis.