Peter Hobson and Tom Polasek
Kanberra/Chicago (Reuters) -Avustolsky Fens has replaced American deliveries in China since President Donald Trump returned to the White House, sending hundreds of millions of dollars, which in previous years went to the American Cattle Industry in Australian pockets.
US supplies to China, in the amount of about $ 120 million a month, collapsed after Beijing in March allowed permission to hundreds of American meat institutions, and since Trump unleashed the tariff war with the tariff.
Other US farms to China, the world's largest food importer, has also suffered since Trump replaced power. On soybeans alone, American farmers have lost supplies worth a billion dollars this season of harvesting.
In recent years, the export of the US beef as a whole has decreased, since the drought reduced the herd of cattle of the country, reducing production and pushing prices for the registration of maximums. But the fall in trade with China was much more sudden and extreme.
The cost of the US beef sent to China decreased to $ 8.1 million. USA in July, and in August – $ 9.5 million. The United States showed Chinese trade data compared to $ 118 million. USA and 125 million dollars. USA for the same months a year earlier.
Australia escaped. His supplies of beef to China were shot from $ 140 million a month for two years to $ 221 million in July and $ 226 million in August.
In total, for five months from April to August, US beef exports to China cost $ 388 million less than if trade remained at the average level of the previous two years. Australian deliveries cost $ 313 million.
Brazil, the largest supplier of beef in China, also increased exports in recent months, but Australia has benefited the most, because its beef that feeds on grain is the closest equivalent of US products.
“This is good for Australia,” said Matt Dalglish, an analyst in meat and livestock in the Australian episode of consultants 3. “These are very high prices for cattle.”
Trade negotiations between Beijing and Washington can put an end to the location, said the representative of the US meat export federation Joe Schuele.
“The beef with China has very little in common with beef,” he said. “This is confused in other issues between the USA and China. If they can achieve progress on these issues, we see more hope to solve this. ”
The supplies of the US beef to China grew in 2020 and 2021 after Trump in his first term concluded a trading transaction with Beijing.
China plays a useful role for American beef processors, pay premium reduction prices such as Chuck Rolls, which are less popular in the United States.
