General
Record live export cattle prices putting pressure on Indonesia ahead of Ramadan
There have been all kinds of records broken in Australia’s beef industry this year, including the price for cattle getting exported to Indonesia.
Key points:
- Live cattle export prices to Indonesia have hit record highs this year
- The prices are putting pressure on Indonesian feedlots and meat traders in the lead-up to Ramadan
- The Indonesian government has issued permits for 100,000 tonnes of meat from India and Brazil to keep prices affordable
Feeder steers exported via Darwin Port have been fetching about $4.30 a kilogram this month, up 65 per cent on where the price was in April last year.
That’s great news for northern Australia’s cattle producers, but what does it mean for Australia’s biggest live cattle customer?
Indonesia has the world’s…
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