A surge in demand for livestock is expected after Western Australia’s largest meat processor signed a $1 billion [~US$942 million] deal with Chinese company Grand Farm. Grand Farm is China’s largest red meat importer, but still only supplies one per cent of the Chinese market and aims to increase that level to three per cent. Under the joint venture, Bunbury-based family abattoir V&V Walsh will process an extra 500,000 lambs and 30,000 cattle a year to begin with…Full Article: ABC Rural June 2014
- According to Australia’s Minister for Agriculture and Food, an additional 6.5 million heads of cattle and 65 million lambs will be needed for every extra kilogram of beef and lamb that is consumed in China
- Heilongjiang Grand Farm Group: Founded in 1982 and headquartered in Harbin, Grand Farm is a privately owned company that produces and trades in livestock (e.g. cattle, lamb, and deer) and its byproducts. Since 2000, Grand Farm has been the largest importer of New Zealander lamb and mutton. As of 2014, Grand Farm was China’s largest lamb importer and third largest beef importer.