Access redefining beef trade competition in Asia

Published 2020년 12월 8일

Tridge summary

The article provides an overview of the dynamic shifts in the Asian beef market, focusing on the impact of market access on the competitive landscape. It highlights the increased competitive pressure faced by Australian beef in Asia due to tight domestic supplies and price disparities, in contrast to the surging US beef exports to China, which have significantly increased from 2019 despite challenges in Trans-Pacific exports. The article also discusses the strategic implications of the US-China trade deal and the potential impact of a Biden administration on this trade dynamic. Furthermore, it explores the triggering of safeguards in Japan and Korea, which affect tariff rates, and the growing competition from South American beef suppliers, including Brazil and Argentina, in various Asian markets. These developments underscore the importance for global beef suppliers, including Australia, to navigate the complexities of market access and tariff regulations to maintain their competitive edge in the rapidly evolving Asian beef market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Across Asia, market access is redefining the competitive landscape in high-value and commodity beef markets. Australian beef is facing heightened competitive pressure at a time when domestic supplies are tight and Australian cattle prices are increasingly out of kilter with global markets. Some of these shifts are short-term and temporary, while others are part of a longer-term structural transition in the makeup of Asian imported beef markets. US ramping up shipments to China Trans-pacific US exports to North Asia have faced challenges this year. Beef shipments slowed as plants shuttered during the first wave of COVID-19; then carriers excessively blanked sailings to reduce spare capacity; and, more recently, reefer container shortages and maxed-out freight capacity have hamstrung those trying to get boxes out of west coast ports. That said, in recent weeks, US beef shipments to China have been ramping up, averaging in excess of 2,400 tonnes shipped weight (swt) per week through ...

Source: Mla