Limousin Beef Prices Indonesia Fall at Start of Ramadan, Could Rise in Coming Weeks

Limousin beef prices in Jakarta, Indonesia, fell 1% week-over-week and 4% month-over-month during the week starting March 27, 2023, to their second-lowest level in practically a year. Increased supply just ahead of Ramadan is behind price movements, but a hike in prices is expected for the upcoming weeks as demand strengthens.