Mixed messages continue to emerge from Indonesia over its plans for Indian buffalo meat imports, adding to confusion for an import cattle supply chain which relies on annual breeding cycles and long-lead times to make decisions about future production levels.
Indonesia’s Ministry of Agriculture says it has decided not to issue new recommendation letters for future Indian beef imports, recognising “buffalo meat has not been successful in stabilising the price of beef in Indonesia and that the Ministry would like to increase Indonesia’s beef production.”
Some Indonesian importers are resorting to extended credit terms for butchers in order to get cattle moving out of the feedlot. In the past this has often resulted in an ultimate failure to pay, demonstrating just how desperate some importers are. (Bahasa language version of this report also available)
Some Indonesian importers are resorting to extended credit terms for butchers in order to get cattle moving out of the feedlot. In the past this has often resulted in an ultimate failure to pay, demonstrating just how desperate some importers are.
A pie shop specialising in selling pies made of high quality Aussie beef, and no Indian buffalo meat, is doing a roaring trade, having recently sold its 25,000th pie, as one very satisfied customer, Dr Ross Ainsworth, reports.
Last month I described the situation for importers as a stalemate. This month I think that the best description of their position is one of a serious fight for commercial survival.
Bulan lalu, saya mengibaratkan situasi para importir sebagai jalan buntu. Bulan ini, saya pikir gambaran yang paling pas adalah ‘pertarungan sengit’ demi kelangsungan bisnisnya.
Stalemate: For the first time since the beginning of the trade, producers don’t have to drop their prices in the face of reduced Asian demand, and at the same time importers can’t pay any more because they they will make a loss if they do. Meanwhile, China is defying the currency and pricing challenges being faced by other major Asian importers.
Harga sapi potong tidak mengalami perubahan di bulan Agustus. Sejumlah pengusaha sapi bakalan atau feedlotter mampu mencapai harga terbaik yaitu Rp43.000 per kg bobot hidup untuk steer unggulan (high yielding steer). Namun secara umum, harga tidak berubah dan masih sejalan dengan kebijakan pemerintah. Jadi, untuk laporan ini saya akan tetap berpatokan pada indikator harga Rp40.000 untuk bulan Agustus.
For the first time in over a year, quotes for feeder steers out of Darwin have eased to 320c/kg, a level not seen since June 2016.