Australia sells record-priced cattle to Indonesia, a market of interest to Colombia

Published 2021년 12월 21일

Tridge summary

Colombia is considering entering the Indonesian live cattle market with a more competitive price, following four shipments of cattle from Australia this month, with some steers sold for a record $3.40 per kilo. The Australian live export price is supported by an increase in domestic cattle prices, but the industry is struggling with problems and expected to export 30% less than last year. Colombia's technical secretary of the Price Stabilization Fund, Augusto Beltrán Segrera, has stated that Colombian cattle are more competitive with their lower price of around $1.80 per kilo.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the end of the year, several shipments of live cattle have left the oceanic country for its northwestern neighbor in Asia reaching up to A $ 4.70 (US $ 3.40) per kilo. For analysts, this is a sign that Colombia could enter this market with a more competitive price. According to the Australian portal ABC, four shipments of cattle have already been made this month and another five will be delivered before the end of the year. Some of these steers have been sold for USD 3.40 per kilo, a record price for the trade. "It is the highest price we have had, $ 4.70 per kg (USD 3.40 or 13,500 Colombian pesos) for fattening steers and $ 4.40 per kg (USD 3.17 or $ 12,600) for fattening heifers" said Scott Riggs of exporting company Top End Livestock. For his part, Nick Vereker of the transport company Road Trains Australia indicated that his company was experiencing a “wave of action” before Christmas. (Read: Australian ranchers meet Indonesian requirements to ship live cattle) "We are ...
Source: MXContexto

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.