Live Import Quotas being Replaced in Indonesia09 September 2013
INDONESIA - Quota systems for live cattle imports are being replaced by a price based system, by the Indonesian Government, as they target beef ‘self-sufficiency’.
This price, set by the government, will initially be $7.58 per kilogram (Rp76,000), and will be evaluated periodically said Trade Minister, Gita Wirjawan.
It has been reported that the aim of the new regulations is to ‘send a message that the government wants to be proactive in its efforts to stabilise food prices.
The Australian Livestock Exporters Council said it's still waiting for official confirmation that Indonesia has scrapped the quota system.
Mr Wirjawan said, “This is temporary, we still have high hopes that mid to long-term policies to increase domestic production can be implemented."
TheCattleSite News Desk