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Indonesia is seeking alternative cattle suppliers due to high prices for Australian cattle, and Brazil, the world s largest beef exporter, has promised to export live cattle at a lower cost, Financial Review reported.
Australia s red-hot cattle market tipped to hit price correction in Year of the Ox
Posted
SatSaturday 13
What does the Year of the Ox have in store for Australia s cattle industry?
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It s the Year of the Ox in 2021 and it s shaping up to be a lucky one for cattle producers who have plenty of grass and plenty of stock.
Key points:
The Eastern Young Cattle Indicator (EYCI) hit a record 888c/kg last month, but a growing number of analysts feel it has reached its peak
Indonesia is feeling the pain of record-high live export prices
Jakarta meat sellers strike, Indonesia considers importing Mexican cattle as Australian cattle prices reach record highs
MonMonday 25
updated
MonMonday 25
JanJanuary 2021 at 7:41am
Indonesian meat sellers cannot raise their prices over the government-set ceiling, so have not been able to pass on price rises to customers.
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The Indonesian Government is reportedly looking to Mexico as an alternate source of live cattle, after Australian cattle hit record prices and Jakarta meat sellers go on strike.
Key points:
The Indonesian Government is reportedly looking at sourcing live cattle from Mexico
A 30-year cattle trade relationship between Indonesia and Australia in danger of being destroyed