A large cattle export order to Indonesia was cancelled last week in a sign that importers facing difficult trading conditions are pushing back against high Australian cattle export prices.
Weak demand from both Indonesia and Vietnam has not had the expected affect on the northern Australian prices which have in fact risen over May, with the usual May/June supply flush not being seen this year, and favourable seasons meaning producers are in no rush to offload stock.
INDONESIAN journalists recently visited The University of Queensland to hear about a successful cattle fattening project in their nation’s east which is bringing significant economic benefits for smallholder cattle farmers.
“Padang” style fast food restaurants are probably the largest food service model in Indonesia with many hundreds of thousands of restaurants from large corporate chains to very small family businesses spread throughout the entire archipelago.
Weak demand from both Indonesia and Vietnam must soon start to put serious downward pressure on northern Australian feeder prices, Dr Ross Ainsworth writes in this week’s South East Asia market, exclusive to Beef Central readers.
Funds raised by Australian live cattle exporters have helped to expedite the building of a new educational centre to benefit visually impaired and disabled children and adults in Indonesia.
Cattle exports from northern Australia have fallen by 25pc compared to last year, latest port data from January to the end of April shows.
Weak demand is increasing the pressure on Indonesian lot feeders with some discounting of slaughter cattle during March to as low as Rp39,500.
Eight months after Indonesia began importing low-priced frozen Indian buffalo meat, wet market prices have remained stubbornly high at Rp120,000-130,000 throughout. Why aren’t prices coming down?
In nine months Indian buffalo meat has grown to claim 20 percent of the Greater Jakarta beef market – but uptake has not been as rapid as we might have thought, market research by MLA suggests.