Indian buffalo prices tumble, what that means for Aussie beef

INDIAN buffalo meat prices have fallen off a cliff, creating waves of change in the global beef market as Brazil is forced to compete head-to-head in secondary markets. International meat market expert Simon Quilty says a two-tier global beef market of extreme high and low prices is emerging. The ramifications for Australia are likely to be felt the most in the live export sector, as demand is subdued in south-east Asian countries that have access to big flows of cheaper Brazilian product and Indian buffalo through 2022. Demand for boxed beef exports from Australia, New Zealand and the United States may also be affected - even though it is a distinctly different product to India's. Australia sent solid volumes of boxed beef to Indonesia this year, as overall consumption in that market grew. Mr Quilty also believes Australian imported values to the US could be affected by the flush of cheap Brazilian meat in the first half of next year but says the South American beef giant's quota ...