Another 10c per kg wiped off prices paid at beef factories

Food exporters globally had been especially disadvantaged by a low supply of empty refrigerated containers. The containers are sitting in clogged ports like Qingdao, above, in eastern China. In China and many other trading countries, port staff didn’t return to work to unload cargoes because of Covid-19 quarantine measures. As early as mid-February, about 10,000 refrigerated cargo containers containing meat were stuck in Chinese ports, according to a Beijing-based meat importer, about twice the usual level. Picture: STR/AFP via Getty Images

The beef market deteriorated further this week, with a further 10c/kg wiped off the prices paid at factories.