Kan's visit to China, Canadian beef will resume exports to China
According to Reuters on January 21, the Canadian Minister of Agriculture recently stated that as relevant import restrictions implemented since 2021 are gradually being lifted, Canadian beef will resume exports to China. Before the import suspension, China was Canada's fourth-largest beef export market.
Since December 2021, China has suspended beef exports from Canadian processing plants, due to a case of atypical bovine spongiform encephalopathy (BSE) found on a farm in Alberta province. The event of the market restart, which is considered significant for Canada's beef industry, occurred after Canadian Prime Minister Mark Carney's recent visit to China. During the visit, Carney reached an agreement with Chinese leadership to reduce some tariffs and expand trade cooperation in various agricultural products, including important export items such as canola.
Canadian Agriculture Minister Heath McDonald revealed on Tuesday that a major company plans to ship the first batch of beef products to China next week. He had previously stated on social media that China has restored market access for Canadian beef.
As of now, the Chinese customs authorities have not made any public response. However, the Canadian Beef Industry Association has welcomed the resumption of trade.
Industry experts generally believe that this policy adjustment will not have a significant impact on the total volume of Canadian beef exports or domestic prices in the short term. This is because North America is currently facing a tight beef supply situation, and market prices are at historically high levels.
Sylvain Chabot, a food market expert, pointed out that even if China reopens or expands its imports of Canadian beef, it will not significantly affect the level of food prices in Canada. He said that the scale of related exports is relatively limited, and Canada itself does not have the conditions to significantly shift beef to overseas markets without affecting other export channels.
Nevertheless, China remains an important market for certain beef cut products, so this resumption has practical significance for Canadian beef producers and exporters.
Industry insiders point out that specific operational details about the market restart have not yet been announced, and its full impact remains to be further observed.
Source: rfi
Original: toutiao.com/article/1854951447973188/
Statement: This article represents the views of the author himself