China’s new beef tariffs expected to favour New Zealand exporters
Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.
The company was forced to place itself in a temporary trading halt on the Australian stock market last month, with its share price falling 12%, following the release of Chinese data indicating a larger than expected drop in the number of new births.
a2 had previously indicated its forecast growth in China would be supported by an annual growth rate in new births of between 8.5-9 million.
However, the number of new births in China fell 17% last year to under 8m - the lowest in nearly 90 years.
