Four competing live exporters supplying cattle to Vietnam have committed to working together to proactively implement a higher-level approach to assuring improved animal welfare outcomes in the market.
The Australian Government is funding a new five-year, $146 million training program focusing on training workers in Vietnamese abattoirs handling imported Australian cattle.
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.”
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.
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.