(8 July/Rural Life)

In Rabobank’s latest Agribusiness report it has been highlighted that demand for protein in China is on the rise and will likely be reflected in increased beef demand. Animal protein and sustainability analyst Blake Holgate said that the China Meat Association would be expanding it’s source of protein to deal with the loss from the African Swine Fever that has destroyed most of the pork industry. It was stated that it may also look to source Indian buffalo and lift the ban on UK beef. Over the long term it is expected that competition will increase in China for New Zealand beef exporters. The news will sit well with farmers as the North Island and South Island bull price increased respectively by 3 percent from last month.