Indonesia: Ramadan arrives, live cattle imports increase 12 times

Published Mar 16, 2023

Tridge summary

Indonesia has seen a significant increase in live cattle imports in February 2023, right before the start of the fasting month of Ramadan, with a 12-fold increase compared to the previous month. The import value also rose 11-fold, indicating a high demand for beef. However, the country experienced a sharp decline in frozen beef imports, with a decrease of over 45% in both value and volume compared to January 2023, likely due to supply time differences and early supply anticipation for Ramadan.

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

Original content

Jakarta, CNBC Indonesia - At the end of March, the Muslim community will observe fasting. Generally, just before the fasting month, the demand for several commodities increases, including the demand for beef. This has already begun to be read from the data from the Central Statistics Agency (BPS) which noted that in February 2023 Indonesia imported 7.8 million kg of live cattle or cattle. This value increased 12 times compared to imports in the previous month which was only 636.7 kg. In line with the total volume, the import value of cattle also increased up to 11 times. Based on BPS data, in January 2023 Indonesia only imported live cattle of US$ 2.39 million. However, in the following month the import value of live cattle increased to US$ 27.49 million or around Rp. 423.3 billion (exchange rate of Rp. 15,400/US$). Deputy for Production Statistics BPS M. Habibullah said that the drastic increase in the value and volume of imports in one month was due to the high demand for beef ...

Source: Cnbcindonesia