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Australia's Red Meat Exports Surge
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Australia's red meat exports soared in 2023 due to declining U.S. beef production and strong Chinese demand, reaching record highs. The increase was driven by China's demand for beef, with exports worth $7.6 billion. However, live sheep and cattle exports remained low compared to past highs.
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How might the decline in U.S. beef production impact global beef markets?
In what ways could Australia's surge in red meat exports influence trade relationships with other countries?
What strategies could Australia employ to sustain and expand its red meat export market?
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