Article – Live cattle trade: Australia could earn $2b from exports to China, Agriculture Minister Barnaby Joyce says

by 22 July 2015

20 July 2015
Eliza Borrello
ABC News

Agriculture Minister Barnaby Joyce has signed a deal which will see Australia export live cattle to Beijing.

It comes after Indonesia recently slashed live cattle imports from Australia.

“It’s the result of hard work over a long period of time,” Mr Joyce said.

“It gives people a real sense … that we have a strong future in the protein market, for which live cattle are a vital part.”

Mr Joyce says he hopes the deal will soon see Australia earning up to $2 billion a year from both breeder and live cattle exports to China.

“The 117,000 breeder cattle we sold last year was worth about a quarter of a billion dollars to us,” he said.

“Now we’re hoping that over about a decade we can take these numbers up … we’re the first nation to crack this market in slaughter cattle.

“If we can take that to about a million head, that’s in rough terms between $1 billion and $2 billion.”

Mr Joyce said he hoped the first head of cattle could be exported within months.

“We can turn this deal around very quickly,” he said.

Cattle getting loaded onto ship at Darwin PortPHOTO: Australia is set to double its live cattle exports after signing a new deal with China.

Courtesy of ABC News

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