First Wellard cattle shipment to China: Australia China FTA

CATTLE exporter Wellard has made its first shipment of beef cattle to China for processing, under the Australia China Free Trade Agreement.

Wellard says 2,000 Angus and Angus-cross steers sourced from Victoria and South Australia have left Portland in Victoria bound for Shidao in China’s Shandong province.

The Chinese group Fulida had become the majority shareholder in Australia’s largest livestock exporting company Wellard after buying more shares through Wellard’s recent capital raising program.

“We want to make this trial shipment an absolute success so that we can develop a more regular trade, grow our cattle exports to China and increase our vessel utilisation,” Wellard’s executive director of operations, Fred Troncone, said in a statement today.

“A more regular trade will also send a strong signal to cattle producers that there will be enduring demand for their quality livestock.”

Wellard says the shipment to China is a result of the free trade deal between Australia and China and years of negotiations on health protocols.

Short-term shipments are expected to be small but have the capacity to be increased significantly.

The cattle are being supplied to Rongcheng HCMH Trade and Service Co, a subsidiary of the Tai Xiang Group, which specialises in frozen and processed food.

Wellard already supplies dairy and beef breeder cattle to China, and breeding sheep.

Source: http://www.weeklytimesnow.com.au/agribusiness/cattle/australia-china-fta-first-wellard-cattle-shipment-to-china/news-story/1ad55b6ddcd49650d965cb682b469dd1

Source: http://www.abc.net.au/news/rural/2017-05-17/chinese-owned-fulida-group-becomes-major-shareholder-of-wellard/8532818

One Comment Add yours

  1. Norman Guy says:

    With all due respects,to really make a difference people who are concerned about foreign ownership

    need to get together and organize.

    I’d gladly help.

    Sent from Outlook

    ________________________________

    Like

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