China Deal to Benefit Australian Meat Exporters

China Deal to Benefit Australian Meat Exporters

Australian meat exporters are set to benefit from China’s decision this week to authorize 28 cold store facilities and four red meat plants in the nation, as the first step in a system-wide approach to approval of meat storage facilities for shipping.

The deal, announced as a result of Australian Prime Minister Julia Gillard’s trip to China, means exporters can reduce costs by consolidating large loads of meat for shipping. Processors will be able to store their product and export it when commercially viable in response to demand.

The agreement also recognizes Australia’s certification systems for cold stores and allows for facilities to be added to the already approved 28 facilities without special consent from China.