China Eyes Australian Donkey Exports

The Northern Territory government in Australia says it has been approached by nearly 50 Chinese companies looking to buy land to start donkey farms. Demand for donkey products, especially donkey-hide gelatin is increasing in China, while global supplies are falling.

The Northern Territory government has bought a small herd of wild donkeys for its research station near the outback town of Katherine. Earlier this a month of delegation of Chinese business people visited the facility, and up to 50 companies from China have expressed interest in buying land to set up donkey farms.

It is estimated there are up to 60,000 wild donkeys in the Northern Territory. Donkeys were brought to Australia from Africa as pack animals in the 1860s, and many were released when they were no longer needed. For years feral donkeys have been considered a major pest by farmers.The animals trample native vegetation, spread weeds and compete with domestic cattle for food and water.

Now the authorities believe there are economic benefits in captive donkey herds.

Alister Trier, the head of the Northern Territory’s department of primary industry believes the donkey trade has a bright future.

“My feel[ing] is the industry will develop but it will not displace the cattle industry, for example, I just do not think that will happen.What it will do is add some diversification opportunities for the use of pastoral land and Aboriginal land in the Northern Territory,” said Trier.

In China, donkey skins are boiled down to make gelatin, which is then used in alternative Chinese medicines and cosmetics.

Animal rights campaigners are pressuring the authorities not to allow the live export of donkeys to China, claiming that conditions in transit would be cruel and unacceptable.

Activists also insist that donkeys’ health suffers when they are kept in large herds.

The Royal Society for the Prevention of Cruelty to Animals in Australia wants the donkey skin trade stopped altogether because of concerns the animals are being skinned alive overseas and treated with extreme cruelty.

Source: voanews


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China stocks end lower on soft exports data

China stocks fell on Friday as softer-than-expected exports in March rekindled worries over the health of the world’s second largest economy amid rising trade tensions with the United States.

The blue-chip CSI300 index closed down 0.7 percent at 3,871.14, while the Shanghai Composite Index declined 0.7 percent to 3,159.05. For the week, CSI300 gained 0.4 percent, while SSEC was up 0.9 percent.

China’s exports growth unexpectedly fell in March, the first drop since February last year, raising questions about the health of one of the economy’s key growth drivers even as trade tensions rapidly escalate with the United States.Analysts said the trade threats may already be having an impact on exporters’ activity.

Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.1 percent, while Japan’s Nikkei index closed up 0.55 percent. At 07:08 GMT, the yuan was quoted at 6.288 per U.S. dollar, 0.07 percent firmer than the previous close of 6.2922. The largest percentage gainers on the main Shanghai Composite index were CCS Supply Chain Management Co Ltd up 10 percent, followed by Qian Jiang Water Resources Development Co Ltd gaining 10 percent and Tellhow Sci-Tech Co Ltd up by 9.99 percent.

Source : REUTERS

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Sumber : bpfnews.com

US-China trade war opens the door for Australian exports A?a��a�? AFR

The Australian Financial Review (AFR) carried a story on the impact of a potential US-China trade war on the Australian trade.

Key Quotes:

A?a��A�Australian industry group GrainGrowers says retaliatory tariffs by China against US exports could create an opportunity for its members to boost sales.

China was Australia’s biggest market for barley with exports up to $ 1 billion a year and also the biggest market for sorghum with exports worth about $ 300 million a year.

“Well over 90 percent of our sorghum already goes to China. There is room for growth in that market but a limiting factor will be how much we can increase production”.

National Farmers Federation said it was fundamentally opposed to tariffs barriers …  but would react to market opportunities.A?a��A?

Source: FXstreet


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