Australian live cattle exports experience a significant drop
Cattle exporters from Australia are facing a significant drop in demand from their main buyer, Indonesia. According to a report from Meat and Livestock Australia (MLA), there is a significant drop in livestock exports to Indonesia, as the country is threatened by an economic recession. "March live cattle exports to Indonesia were just 34,000 head, back 16% on last month and down 41% on March last year. A combination of high Australian cattle prices earlier in the year and a weak Indonesian exchange rate against the USD have contributed to the decline. Additionally, feeder cattle demand from Indonesian feedlots is sluggish, attributed to a COVID-19 slowdown in abattoir activity – slaughter is running 30-50% below typical levels – and an uncertain consumer outlook," said the report. Due to low demand, cattle prices have dropped from $3.85/kg to $2.80/kg despite the fact that, since last week, the country has entered the season of Ramadan.
Mr Coudry-Mesny, who graduated from ESIAE Business School, holds a Master’s in Food Marketi...
Friland ensures progress and increases revenue in the first half of 2025/26, which has otherwise ...
The National Feedlot Survey has confirmed a new record turn-off from Australian feedlots of over ...
