date:May 30, 2014
er of meat, may double beef imports by 2018 as rising wealth changes diets, Rabobank International said in December.
I see longer term, higher sustained prices, driven by steady demand from China, he said yesterday. Forrest is considering buying more farms or companies to help boost output, he said.
Australias Eastern Young Cattle Indicator gained 0.2% to A$3.32 ($3.08) a kilogram today. Prices last month reached the highest since October 2012.
Quite Mind-Blowing
Forrest met with Chinese pre