13% drop in beef imports forecast for Indonesia
In 2021, beef imports from Australia and New Zealand and water buffalo meat imported from India are going to see a decline in the Indonesian market. Last year, the country imported 324,019 tonnes of those products but the demand continues to sink due to the coronavirus crisis. "This is probably due to increasing domestic production and lower demand due to the pandemic," said Nasrullah director general of livestock and animal health at the country's agriculture ministry addressing the Parliament.
Even livestock imports are expected to follow the trend started last year when Australia, the main supplier of live feeder cattle in the Indonesian market, has seen a decline of 16% compared to 2019. Over the last 4 months of 2020, Darwin live feeder light steer prices for export to Indonesia have reached all-time high price levels, with 13% higher than the same period of 2019.
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