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Bank Suggests China Looking For International Beef Investments

A new report suggests the beef sector will likely become the first agricultural sector where China has high integration with the rest of the world.

The Rabobank report expects Chinese investors will play an influential role in the global beef market.

China's beef demand is forecast to grow an additional 2 point 2 million tonnes by 2025.

To meet that challenge, Rabobank analysts expect Chinese beef companies will be actively participating in cross-border investments.

The report sees Australia as the main target for that investment.

However, it suggests South America is becoming a new interesting area for the Chinese.

Rabobank says the U-S beef market still remains uncertain as far as Chinese investment is concerned.

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Scoreboard, Aug 5

The Toronto Blue Jays lost 7-2 to the Houston Astros on Tuesday while the Detroit Tigers won their fourth straight, 8-0 over Seattle.