CHINA TOPIX

Beef Deal: Australia, China Close to Finalizing $1B Agreement for Export of 1M Cattle

Vittorio Hernandez   |

Nov 07, 2014 03:42 AM EST

Australia and China are about to ink a $1 billion deal that would result in the export of 1 million cattle to the Asian giant. Australian Agriculture Minister Barnaby Joyce said the agreement would likely increase the price of cattle and boost income of local farmers.