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- Brisbane's Australian Country Choice meatworks suspended from exports to China – ABC News
Brisbane's Australian Country Choice meatworks suspended from exports to China – ABC News
Once again, the Sino-Australian trade tussle has emerged this Wednesday, as China suspends its imports from a ninth Australian meatworks, per ABC News.
ACC becomes the ninth Australian meatworks to be suspended from trading with China since May last year.
Key quotes
“Brisbane-based Australian Country Choice (ACC) was alerted by Australian authorities this morning that its trade to China has been suspended from October 18.”
“ACC said that Chinese authorities had detected a chemical often used to treat bacterial infections in dogs in meat that had been processed at its Cannon Hill abattoir.”
“ACC said chloramphenicol was a drug used to treat bacterial infections in dogs and sometimes horses, but was not prescribed for use in cattle in Australia.”
Market reaction
AUD/USD, as well as USD/CNY, are unperturbed by these headlines, as the risk tone remains on the positive side in Asia.
AUD/USD is closing on in the 0.7500 level while USD/CNY tumbles to fresh four-month lows.
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