Indonesia imports Brazilian cattle, and Luhut is confident meat prices have dropped drastically

Published Aug 30, 2023

Tridge summary

Indonesia's Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, predicts that the price of beef in the country could drop below IDR 100,000 per kg in March 2024 if the government allows the import of live cattle from Brazil. Luhut believes that importing cattle from Brazil, in addition to Australia and India, will bring down the price of beef. He argues that lower beef prices will promote healthier eating habits among Indonesians.

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Original content

Jakarta, CNBC Indonesia - Indonesia's Coordinating Minister for Maritime Affairs and Investment (Menko Marves), Luhut Binsar Pandjaitan predicts that the selling price of beef in the country could fall below IDR 100,000 per kg in March 2024. However, this can only happen if the government opens the tap to import live cattle from Brazil. "Maybe in March 2024 we can see the price of meat below or around IDR 100,000 (per kg). Thank God it will be below IDR 100,000 (per kg), maybe IDR 80,000 to IDR 90,000 (per kg), and so on "gradually, of course," said Luhut in his official Instagram upload @luhut.pandjaitan, as quoted on Wednesday (30/8/2023). For this reason, Luhut asked the government to immediately open the tap for importing live cattle, namely bulls and calves from Brazil, to reduce the price of beef in the country. He said he had also discussed this with President Joko Widodo. "So far, we only import meat from Australia, then buffalo meat from India, so the price is always ...

Source: Cnbcindonesia