Rabobank Beef Quarterly Q1 2019: China’s Trade Sending Waves through South-East Asia
Stricter border policing in China as a consequence of African swine fever is restricting the unofficial meat trade, with flow-on effects in other countries, according to the latest RaboReseach Beef Quarterly report.
Following the outbreak of African swine fever (ASF) in August 2018, the Chinese government strengthened border controls. Rabobank believes the increased enforcement measures have led to the sharp decline in the volume of trade through unofficial channels in Q4 2018. The increased Chinese border enforcement has slowed unofficial bovine trade from Hong Kong and Vietnam. Subsequently we have seen Vietnamese imports of Indian carabeef in Q4 2018 down 60% YOY at 120,370 tonnes and in turn Indian buffalo prices have dropped. But this could easily be reversed.
Other important developments include ...
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