Australia's live export trade to Indonesia is set to recommence in the second week of August after Elders was this afternoon granted the necessary approvals to proceed with exports to its wholly owned supply chain in the market.

In  a statement issued to the Australian Stock Exchange Elders has advised that the Australian Government has approved its application to ship up to 3000 cattle to its Indonesian feedlot operations, prior to processing in its Indonesian abattoir.

Elders’ Indonesian operations have also received the necessary third quarter import permit by the Indonesian government.

Elders said its application was consistent with the Commonwealth's revised regulatory framework and "provides comprehensive assurances with respect to animal health and welfare standards, traceability of each animal at all times and a third party independent audit of its operations."

Due to the timing of shipping and other logistics, Elders now anticipates the shipment will be completed in the second week of August 2011.

Elders managing director Malcolm Jackman welcomed the approvals from the Australian and Indonesian governments.

"We are keenly looking forward to recommencing trade with Indonesia and the granting of these necessary approvals is another important step forward to that goal.

"Northern Australia is desperately awaiting recovery in the trade and it is vital that the volumes can be increased as rapidly as a sustainable solution will permit.”

Elders expects to lodge applications for approval of further consignments to Indonesia in the near future.