Australia has lowered its forecast for beef exports to China by 1.5 per cent for the 2020/21 season due to ongoing trade tensions between the two countries.
China is expected to buy 227,000 tonnes of beef in the year to June 2021, 30 per cent less than in the year earlier period.
It comes after China suspended exports of four of Australia’s largest beef exporters, with labelling issues highlighted.
Reuters reported Australian government sources who said recent bilateral tensions were likely behind the suspension.
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