China's beef quota nears exhaustion, Australian exports brace for market shift

Australian beef exports to China are rapidly approaching a key threshold, with 90% of the country’s quota already exhausted as of June 1, China’s Ministry of Commerce said June 2. Once the quota is exhausted, a 55% out-of-quota tariff will take effect from the third day thereafter, raising the risk of a sharp slowdown in trade flows. China’s country-specific safeguard measures were announced onAustralian beef exports to China are rapidly approaching a key threshold, with 90% of the country’s quota already exhausted as of June 1, China’s Ministry of Commerce said June 2. Once the quota is exhausted, a 55% out-of-quota tariff will take effect from the third day thereafter, raising the risk of a sharp slowdown in trade flows. China’s country-specific safeguard measures were announced onRead More