WESTERN Australia’s biggest meat processor, V&V Walsh, has entered a $1 billion joint venture with Chinese interests that potentially could boost the company’s operations by 500,000 lambs and 30,000 cattle a year.
The Chinese interests are apparently seeking up to 50 sea-containers of beef and lamb/day, which would exceed the capacity that any individual Australian exporter could deliver. This would obviously bring substantial onshore processing benefits to Australia, something that surely is desirable.
So why are we looking to export to China? Or anywhere else for that matter?