North Australian Cattle Company (NACC) has gone into voluntary administration.
The ABC reports the company was founded in 1980 and was run by Elders for nearly three decades until its sale to a Chinese-Australian buyer in 2017. Interestingly, Elders reported a loss of $2.9m from its Live Export businesses in the 6 months to 30 March 2016 and they were quoted as saying "margin performance in the long haul business has continued to be poor and we believe that margins are unlikely to recover in the near to medium term.”
A market analyst is quoted in the article as saying that NACC could go through this and re-emerge. Surely 2 lots of business failings would be evidence enough that this live export is not good for business or animal welfare.
However, VALE's biggest concerns are the welfare of NACC cattle awaiting processing in Vietnam. No matter what exporter is involved, there are always welfare concerns about the cattle shipped to and processed in Vietnam with repeated reports of cruelty including use of sledgehammers, the practice of 'flooding', cattle unstunned prior to slaughter, cattle deliberately taken out of approved supply chains to an unknown fate…
It’s time for all of the live exporters to stop making Australia party to this cruelty. If it takes receivership to force the change, so be it.