Indonesian beef prices rise on reduced Australian cattle export

January 7, 2013

The reduced export permits for Australian cattle is pushing up price due to reduced availability of beef in Indonesia.

Australia's Northern Territory (NT) Cattlemen's Association executive director, Luke Bowen, said the 2013 quotas of 267,000 head were down on 283,000 last year. The quota was 700,000.

"While we welcome the announcement of the 2013 quota, it is a decrease on 2012 and a substantial decrease on historic figures, which appears to be significantly impacting the price and availability of beef in Indonesia, placing great pressure on the Indonesian breeder herd," Bowen said. He said beef prices had risen from less than US$6/kilogramme to more than US$10 in the past eight months.

"The long-term outlook for Indonesian demand for beef and some other agricultural commodities produced in Australia remains very good," Bowen said. Currently, there are reports of record numbers of breeder cattle being slaughtered due to the shortage of beef and high prices.

Quota for the first quarter of this year are 56,610 head, the second quarter 117,930, the third quarter 46,230 and the fourth quarter 46,230. But the last two quarter allocations are subject to review.

Territory Department of Primary Industries figures show 190,000 head of NT cattle was shipped to Indonesia last year, down from 223,500 head in 2011. The number of cattle shipped to all countries was 234,250, down 19,500 head on the year before. There is also a quota for 32,000 tonnes of boxed beef from Australia, compared with the 60,000 tonnes shipped in 2010.

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