CANBERRA, June 15 — Australia has lowered its forecast for beef exports to China, its largest buyer, by 1.5 per cent for the 2020/21 season, the country’s chief commodity forecaster said today, as trade relations sour. The Australian Bureau of Agricultural and Resource Economics and Sciences...
Monday, 15 Jun 2020 10:07 PM MYT
CANBERRA, June 15 — Australia has lowered its forecast for beef exports to China, its largest buyer, by 1.5 per cent for the 2020/21 season, the country’s chief commodity forecaster said today, as trade relations sour. The lower forecast comes after China in May suspended exports for four of Australia’s largest beef exporters, citing labelling issues. Australian government sources have said recent bilateral tensions are likely behind the suspension.
Australian-China relations soured after Canberra called for an independent inquiry into the origins of the novel coronavirus.
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