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.
Chinese demand for beef, which used to be called 'millionaire's meat', has grown fourfold since 2000, putting beef prices there among the most expensive in the world. Hence Elders' decision to fly the cows and milk the fresh beef market for all it's worth.
Crated and loaded onto the main deck of a Boeing 747 cargo plane by hydraulic lift, the 150 beasts this month were on Australia's first live flight to central China. Destination: the abattoir.
