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Free trade agreement boosts high-end Aussie beef, wine imports to China

One of Australia’s largest Wagyu beef producers, Mayura Station is trying to open up the Chinese market. This comes as China Australia Free Trade Agreement brought down tariff of beef imports to less than 10 percent. Chinese demand for beef continues to rise, pushing up beef prices above 60 yuan (about $9) per kilo at the end of last year. The prices are still hovering at high levels now, but have eased slightly.

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