Export cattle prices are coming under pressure as the annual northern mustering season pushes more supply onto a market dominated by deteriorating demand conditions in Indonesia.
Damning footage of Australian sheep dead and dying in extreme heat and cramped conditions on vessels bound for the Middle East has sparked industry plans for improved welfare measures and transparency.
The future of the cattle export trade from the Port of Karumba in Queensland’s Gulf is looking brighter following the announcement of a new $6.8 million dredging program for the Norman River.
Just as worsening drought conditions appeared set to push more cattle onto the live export market, rain in Queensland has put the brakes back on supply and helped prices to recover some lost ground.
Pemerintah Indonesia berubah pikiran – izin yang baru telah dikeluarkan untuk impor daging kerbau India tahun 2018
Indonesian demand for beef remained weak in December with prices slipping even lower than November’s rates, as prices and polices around Indian buffalo meat imports appear to overlook a serious flaw in logic.
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.”
The on-again, off-again livestock export market of Turkey is building up again as the country moves to import more cattle to control high beef prices in the country.
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.