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.
The decision was communicated after the signing of the agreement and consideration of the necessa...
The presence of the virus was confirmed by the National Reference Laboratory in Algete (Madrid). ...
The last officially confirmed outbreak of African swine fever (ASF) in the Oberspreewald-Lausitz ...
