Australia: The beef byproduct that could soon deliver millions via the new China protocol

Published Nov 26, 2024

Tridge summary

Australia is on the verge of finalizing a protocol for beef tripe trade with China, which could potentially generate up to $400 million in revenue annually. This deal, which has been under discussion for nearly two decades, is significant due to the nutritional value of tripe and its role in China's food security strategy. The Department of Agriculture, Fisheries and Forestry, along with Cattle Australia and other industry stakeholders, are actively engaged in discussions with their Chinese counterparts to ensure compliance with China's requirements and to establish Australia as a preferred beef trading partner.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia is very close to securing a protocol for the trade of beef tripe to China, which could be worth as much as $400 million a year, government trade regulators have revealed. Negotiations on a tripe deal with China have been happening for almost 20 years but the the assistant secretary of meat exports in the Department of Agriculture, Fisheries and Forestry Christine Mulhearn told a cattle producer day near Tamworth last week "it looks like we are about to get the deal done." Tripe is offal that comes from the stomach lining of a beast that requires long cooking and is extremely nutrient-dense. Ms Mulhearn said it formed a big part of China's food security strategy and the need for more tripe in China at the moment was very strong. "That's $400m a year on a product we don't get a lot of money for now so it's a big deal," she said. Ms Mulhearn's branch provides inspection, verification and certification services to the export meat industry. Speaking at the event hosted by ...
Source: Farmweekly

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.