China allows live cattle export from Australia

11/10/2013
Authorities in China have signed a memorandum of understanding that will allow imports of live cattle from Australia for the first time.

Chinese companies will be able to extract a greater share of profits, as they will fatten and process the cattle and have control over the hides.

The animals will be transported to Zhejiang and the meat will be distributed from the province's new abattoir.

"It could be an absolute goldmine if we were able to service the China market," said Sheldon Mumby, spokesman for the Pastoralists and Graziers Association of Western Australia. "It is especially important as many of our other live export markets have tightened up.”