date:Apr 09, 2014
s locally.
The average wholesale price of beef went up 34% year on year in February this year to RMB63.7/kg which is twice the cost of Australian beef, adds Xu.
Looking at the data, the situation appears urgent: Xu claims China had a beef cattle herd of 66.9 million in 2013, of which 47.6 million were slaughtered. Our slaughter rate is much higher than the global average, its not sustainable.
Getting cattle has been a persistent challenge for a handful of large-scale beef processors which