Indonesia will import 50,000 ready-to-slaughter cattle from Australia in response to a sharp increase in the price of domestic beef, said Minister of Trade Rachmat Gobel.
Indonesia to resume cattle import from Australia (Photo:.abc.net.au)
Indonesia will import 50,000 ready-to-slaughter cattle from Australia in response to a sharp increase in the price of domestic beef, said Minister of Trade Rachmat Gobel.
The cost of beef at the local market has shot up by about 40 percent to 130,000 rupiah (10 USD) per kilogram.
According to a report of the Indonesian Ministry of Agriculture, the country’s beef stock is sufficient for the next four months.
Earlier, the government decided to suspend imports of Australian beef due to redundant supply in some areas.
Indonesia is the biggest market of the Australian food export industry, with a value of 1 billion USD a year.-VNA
Vietnam has become the second largest importer of Australian cattle, behind Indonesia, according to BeefCentral.com, a free news website and market intelligence service dedicated to the Australian beef industry.
If the beef industry does not undergo a remarkable transformation, it will not be sufficiently competitive with imported beef in the future to survive, President of the Vietnam Husbandry Association Nguyen Dang Vang told radio The Voice of Vietnam (VOV).
Experts months ago warned that the domestic animal husbandry would “die young” as Australian beef was flooding the Vietnamese market. However, they have had a change of opinion as some businesspeople with powerful financial capability and new business strategies have committed to pour capital into the sector, said the English language news portal VietNamNet Bridge.
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Indonesia to resume cattle import from Australia (Photo:.abc.net.au) 
