Australian beef could return to British plates after nearly 50 years under a new trade-agreement being discussed by the two countries.

Trade Minister Dan Tehan is confident he can secure tariff-free access to the UK food market within six weeks and has been in weekly talks with his British counterpart to finalise the deal.

Australian red meat producers said the market would likely be limited to premium exports due to freight costs and competition.

Argentina has announced a snap 30-day ban on all beef exports to lower local prices in a move which could leave a gap in international supply.

свернуть