the Indonesia-Australia Partnership on Food Security in the Red Meat and Cattle Sector has released the Joint State of the Industry Mid-Year Update July 2023 (available here). The Update provides a summary of the bilateral trade between Australia and Indonesia in live cattle and beef products to end-June 2023 and an outlook for the remainder of 2023 and 2024. It updates the annual 2022 State of the Industry Report, available here.
The Update highlights that cattle prices across Australian have tumbled as the El Nino weather pattern strengthens and producers look to offload stock. The lower prices have been welcomed by Australian and Indonesian feedlots after two years of record high cattle prices.
Soft consumer demand in Indonesia in the wake of the pandemic, in addition to increasing imports of low-cost Indian buffalo meat, have resulted in reduced export cattle numbers into Indonesia. First-half 2023 live cattle exports to Indonesia reached only 157,900 head – the lowest bilateral trade numbers for over a decade. Indonesian feedlots are expecting an uptick in imports in the second half of 2023, to reach an annual total of around 350,000 head.
Meanwhile, lumpy skin disease (LSD) virus was identified on Australian feeder cattle in Indonesia in late July. Testing of more than 1000 cattle across northern Australia confirmed that Australia remained LSD free, whereas LSD has been present in Indonesia for over a year. A temporary suspension of trade from several Australian export facilities was lifted in early September 2023 following a technical meeting between Indonesian and Australian governments at which a range of biosecurity measures were agreed to.
You may access the full Update at: https://www.redmeatcattlepartnership.org/publications
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