China strengthens support for its livestock industry and adjusts beef trade

According to China's Ministry of Agriculture and Rural Affairs, the beef and dairy industries are "currently dealing with oversupply", making it difficult to consolidate long-term sustainable production. The official agency indicated that the support policies already implemented have allowed cattle farming to once again show signs of profitability, while the dairy sector has managed to reduce its losses. However, they acknowledged that stabilizing production remains a complex task, and therefore, they will move forward with new assistance tools, including greater access to credit for producers. The situation stems from a scenario in which domestic production has remained high, while consumption is growing at a more moderate pace, putting pressure on prices and margins in the livestock sector. This imbalance led the Chinese government to strengthen its strategy of supporting production and regulating the market. Alongside domestic policies, China has also made progress in trade ...