Australian cattle prices fell by 50%; Indonesian importers to accelerate imports

Published 2023년 7월 21일

Tridge summary

The Indonesian Meat Importers Association (Aspidi) Secretary General, Suhandri, has stated that now is a favorable time for Indonesia to increase imports of beef and cattle from Australia due to the falling prices in the country. This price reduction is a result of Australia's export restrictions and cuts that were implemented two years ago to boost the cattle population. Suhandri hopes that the Indonesian government will facilitate the issuance of import permits to take advantage of this opportunity, and he also suggests exploring import opportunities from countries other than Australia for more choices and competition.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Secretary General of the Indonesian Meat Importers Association (Aspidi) Suhandri said, now is the right time for Indonesia to accelerate imports of imported beef and beef from Australia. This is because the price of cattle in that country is falling, even up to 30-50%. According to Suhandri, the price reduction occurred as a domino effect of Australia's policies which previously imposed export restrictions and cuts 2 years ago. This was done as an effort to increase the cattle population in Australia again. "Well, at the beginning of 2023, their population is already excessive, so they are already in the harvest period, in terms of being cut, so the price is better than 2-3 years ago. That's the cycle like that," said Suhandri to CNBC Indonesia, Friday (21/7/2023). "I think now is a good moment for (Indonesia) to import. At a time when he has a large population, and he cuts a lot, we have the opportunity to import, because the price will definitely be ...

Source: Cnbcindonesia