China looks to be an emerging market for beef consumption, however the U.S. still remains banned from exporting to the country. A recent USDA report projects Chinese beef demand to increase from the current 8 million metric tons (17.6 billion lbs.) to 10.2 million metric tons (22.5 billion lbs.) by 2025. China will be able to meet 80 percent of the beef demand and the remaining 20 percent will have to be made up with imports
China looks to be an emerging market for beef consumption, however the U.S. still remains banned from exporting to the country. A recent Rabobank report projects Chinese beef demand to increase from the current 8 million metric tons (17.6 billion lbs.) to 10.2 million metric tons (22.5 billion lbs.) by 2025. China will be able to meet 80 percent of the beef demand and the remaining 20 percent will have to be made up with imports