Sunday, September 26, 2010

Indonesian beef import restrictions worry NT industry

Restrictions placed on Indonesian beef import permits continue to keep Northern Territory cattle exporters on tenterhooks.

Three months ago, the Indonesian Government suspended the issue of new import permits in an effort to overcome an oversupply of beef in the country.

About 80 per cent of live cattle exports from Australia are sent to Indonesia.

Adam Hill, CEO of the Northern Territory Livestock Exporters Association, says it's a great concern for the industry.

"It has staggered the process a bit at the moment, operations have slowed down quite a bit and I think that's a concerning issue for exporters," he says.

"Shipping costs and whatnot, these ships need to be rotating all year round. and stoppages are extremely costly to the exporter."

Meanwhile, Meat and Livestock Australia says there's currently weak demand for cattle in Indonesia, making it difficult for feedlotters there to sell cattle.

Alistar Lugston, MLA's Asia Pacific livestock manager, says demand could increase in the lead-up to the Muslim Ramadan festival.

Monday, 26/04/2010

Source: ABC Rural

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