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Indonesia to bring in 200k cattle in Q1

[06 January 2016] The Indonesian government is preparing to import cattle in the first quarter of 2016 in an effort to keep inflation within its 3-5% target, according to Darmin Nasution, Coordinating Minister for Economic Affairs. The government has decided on a quota of 600,000 head of cattle, or 238,000 tonnes of beef, Mr Darmin said. “The plan is to bring in 200,000 head in Q1 and 150,000 in Q2. For the third and fourth quarters, import will depend on developments in the previous quarters,” he explained. Indonesia’s annual beef consumption stands at about 675,000 tonnes, while local farmers can only produce 416,000 tonnes of beef.

source: http://www.asian-agribiz.com/

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