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Australian farmers to benefit from China demand for grain-fed beef

Grain-fed production is set to play a larger role in Australia’s beef sector, with the opportunity for the nation’s exports of grain-fed beef to China to increase by more than triple by 2030, according to new industry research. In its report, Opportunities for growth in Australian grain-fed beef, Rabobank said while the backbone of the Australian beef industry would remain a grass-based production system, grain feeding was forecast to play an increased role in the country’s overall beef production during the next 10 years. Continued growth in beef consumption in Asian countries, particularly China – along with Australia’s strong market access and competitive supply chain – will provide the opportunity for the nation’s total grain-fed beef exports to increase 65 per cent to more than 500,000 tonnes by 2030, according to the research.

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