Rise of Indonesia as a beef export market and what it means for cattle live-ex

Published Dec 5, 2024

Tridge summary

Indonesia is becoming a significant market for Australian beef, with beef exports setting a record in October and doubling the volume sent compared to the previous year. The Queensland Live Exporters Association president, Greg Pankhurst, anticipates that the demand for processed beef will not affect live export demand for the next decade. The new Indonesian president's nutrition program and self-sufficiency goals could potentially boost the live cattle trade by providing better standing for imported cattle. Meanwhile, large numbers of Australian cattle are being prepared for religious festivals in March, and the focus on protein in children's diets in Indonesia is seen as a positive for Australian beef.

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

Original content

The rise of Indonesia as Australian beef's fifth largest market has sparked questions around whether the valuable live cattle trade is being replaced. Expert opinion is the two will grow side-by-side. Beef exports to Indonesia set an all-time record in October after a run of significant monthly increases. Australia is now sending double the volume to Indonesia that it was this time last year and a whopping six times more than in 2021. President of the Queensland Live Exporters Association Greg Pankhurst feels it is unlikely the demand for processed beef from Australia would cut into live export demand within the next ten years. Mr Pankhurst has 30 years of experience in Indonesian feedlotting and runs Lampung Livestock Consultancy. He said the top 20 per cent of income earners in Indonesia would increasingly demand more imported boxed product. "There are 280 million people in Indonesia who eat an average of 2 kilograms of beef each per year," Mr Pankhurst said. "The top 20pc of ...

Source: Farmweekly