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Beijing has now removed restrictions from eight abattoirs but two remain subject to import bans, the government said.
Chinaimposed the bansbetween 2020 and 2022, around the same time it barred imports of a swathe of commodities including coal, timber andwine from Australiaafter Canberra called for an independent investigation into the origin of COVID-19.
Intraday Trading Profitable Long Term Picks ✌️【Investment Portfolio】✌️ Free expert stock trend predictions to help you identify high-potential stocks and maximize returns. With real-time global market indices, futures, metals, energy, and agricultural product data, our platform enables you to make informed investment decisions. The bans applied to certain abattoirs but did not affect others, which meant Australia was still able to ship beef to China.
“It was difficult for those particular abattoirs but we still saw beef flowing,” said Matt Dalgleish, an analyst at agricultural consultants Episode 3.
He said the removal of the restrictions should still boost Australian shipments to China, which have already risen to their highest level since 2020 as a shrinking cattle herd in the United States, Australia’s main competitor, reduces US exports.
China was Australia’s second-biggest beef export market last year, receiving 240,000 tons worth around $1.6 billion, Australian trade data shows.
Beijing has lifted most of the barriers it imposed on Australian goodssince a change of government in Canberra two years ago. A ban on imports of Australian lobsters remains in place.
“We continue to press China to remove the remaining trade impediments, including for Australia’s rock lobster industry,” Australian foreign minister Penny Wong, trade minister Don Farrell and agriculture minister Murray Watt said in a joint statement.
Intraday Trading Profitable Long Term Picks ✌️【Investment Portfolio】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate fluctuations to help you select the right stocks and achieve your financial goals. Stay ahead of the curve with accurate, real-time investment insights. They said China’s trade impediments at their height impacted Australian exports worth 20.6 billion Australian dollars ($13.6 billion).
Intraday Trading Profitable Long Term Picks ✌️【Investment Portfolio】✌️ Free access to real-time stock market data analysis, global market trends, and expert predictions. Capture emerging opportunities and grow your portfolio steadily, with insights into metals, energy, and agricultural products. The reasons China gave for suspending the Australian beef processors were issues over labeling or contamination or cases of COVID-19 among their workers.
Intraday Trading Profitable Long Term Picks ✌️【Investment Portfolio】✌️ Expert predictions and real-time data on global stock indices, metals, energy, and agricultural products to help you make more informed decisions and boost your investment returns. Benefit from cutting-edge market intelligence for steady growth. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Best Stocks to Buy Today 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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