SE Asia Report: Indo feeder permits tied to breeder imports

Indonesia:  Slaughter Steers AUD $4.23 / kg live weight (Rp10,050 = $1AUD) Live steer prices remain unchanged at Rp42,000 to Rp43,000 per kg live weight so I will use Rp42,500 again for the monthly published price. Importers report that they dare not increase their prices for fear that the government will punish them. The T3 allocation of import permit recommendations have been released by the Ministry of Agriculture for 141,000 cattle but are now with the Ministry of Trade who will make the final decision on who gets what and when. Advice over the last 48 hours suggests that the…

Source: Beef Central
SE Asia Report: Indo feeder permits tied to breeder imports