Chinese dairy heifer market decline causes Australian export heifer prices to plummet due to decreased demand.
China's dairy heifer market has taken a hit, causing prices for Australian export heifers to plummet due to decreased demand. This impacts Australian dairy farmers, particularly those in Victoria, who have structured their businesses for this market. The Chinese live export market has been struggling due to a general economic downturn, resulting in a 50% trade decrease for the year and increased pressure on Chinese buyers.
May 06, 2024
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