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China removes ban on Freedom (aka USA Beef) effective immediately.

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Jeffrey

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http://www.bloomberg.com/news/artic...ome-u-s-beef-imports-with-conditions-itduo0qv

China removed a ban on shipments of some U.S. beef products, opening up the trade for the first time since 2003 as the country sees a surge in imports of the meat.
The ban on imports of U.S. bone-in beef and boneless beef for livestock under 30 months has been removed, with conditions, effective immediately, according to a statement on Thursday from the General Administration of Quality Supervision, Inspection and Quarantine. Imports must follow requirements under China’s traceability, inspection and quarantine systems, it said.

China halted imports of U.S. beef in 2003 after a case of mad cow disease was found in Washington state. The country is the world’s second-biggest beef buyer after rapid growth over the past decade created the world’s second-largest economy and an expanding middle class that can afford more protein in their diets. China is already the world’s biggest pork consumer.

The re-opening of China to U.S. beef may provide new opportunities for packers including Tyson Foods Inc., the largest U.S. meat processor, and Cargill Inc., the largest U.S. ground beef maker. Cargill didn’t immediately responded to an e-mail requesting comment.
“We applaud the efforts of USDA that have led China’s Ministry of Agriculture to lift its ban on U.S. beef,” Springdale, Arkansas-based Tyson said in an e-mailed statement. “This is a positive step forward and we hope that the two governments can negotiate a strong access agreement for this important market in the near future.”


about damn time. I remember having a burger in shanghai 4 years ago or so and it was some new zealand beef or something and it was pretty meh.
 

Wag

Member
steakisfordinner-vi.jpg
 

-Plasma Reus-

Service guarantees member status
China is protectionist about everything.
EXCEPT THE ONE THING IT'S SUPPOSED TO BE OPPOSED TO.
fuck.
 

numble

Member
about damn time. I remember having a burger in shanghai 4 years ago or so and it was some new zealand beef or something and it was pretty meh.

I don't think I can tell the difference between Australia, New Zealand, Canadian or US beef. It will hopefully help decrease prices (in China).
 

entremet

Member
This is the model for countries that get richer. They develop a greater appetite for meat.

Not the best for the environment, though.
 
Great for US beef producers, opens the largest market in the world for the biggest cattle industry in the world. Think it'll be negligible for US beef prices because the price will have to be pretty low to make it viable in China.
 

numble

Member
Think it'll be negligible for US beef prices because the price will have to be pretty low to make it viable in China.

Nah, the comparable is already out there: pork.

http://www.wsj.com/articles/u-s-bee...china-premier-statement-on-imports-1474494579

For U.S. hog producers, access to Chinese buyers has been a double-edged sword, as U.S. prices have risen and fallen in line with adjustments in demand from the world’s largest pork market.

Prices for U.S. hog futures rose 40% in the first half of 2016 as exports of U.S. pork and related products like pigs’ feet and offal to China surged. The volume of shipments soared 112% from the first half of 2015 to 193,084 metric tons, making the country the buyer of around 3% of all of the pork produced in the U.S., roughly double the share in 2014.

Buying slowed in July when demand waned, and hog prices have since tumbled to give up all of their gains from the first half of the year.
 
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