AusBN – Indonesia’s biggest importer of Australian live cattle has cut its import quota by 80%.
Australia’s live cattle shipments to the country are expected to plunge following the cut, which will see the importer rely more on domestic supply.
In the third quarter Indonesia, which is Australia’s top live cattle market, will import 250,000 less head than they did in the previous quarter.
Australian Livestock Exporters’ Council CEO Alison Penfold said: “We were surprised and disappointed at the figure, it wasn’t what we expected.”
Agriculture minister Barnaby Joyce added: “It’s something I hope we can rectify soon.
“It is a volatile market and that’s why I think it’s so much better that we work toward an annual quota.”