Summary
Australia's beef export capacity to China has expanded further, with new approvals given to Queensland's Nolan Meats (45) and South Australia's Thomas Foods International (8883). Some plants have been authorised to export chilled beef. China maintains an annual quota of 205,000 tonnes for Australian beef, of which 51.3% had been utilised by the end of March.
Usage rates among other exporting countries are comparatively low.
Commentary
The expansion of approved Australian beef plants and the greenlight for chilled exports underscore China's demand for premium cuts. However, Australia has already used 51% of its quota; if it reaches the cap early, the 55% tariff would sharply curtail its exports to China. In contrast, New Zealand enjoys zero tariff and a quota utilisation rate of just 14%.
This presents an opportunity for NZ small and medium-sized enterprises to focus on chilled and high-value cuts, capitalise on the narrowing price gap with Australian beef, and expand direct sales channels. Australia's quota constraint could serve as a catalyst for NZ beef to move up the value chain.
Keywords: Australian beef, approved plants for China, chilled beef, quota, tariff, plant list, Nolan Meats, Thomas Foods International
Source: Sina
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