Apparently price for Australian feeder steers in Indonesia has dropped as markets are flooded with boxed meat. Australia is the major supplier of boxed beef to Indonesia, and shipments are currently running at more than double the volume of last year.
The increased export volumes have been triggered by the Indonesian Government’s decision to relax import regulations last November in a bid to improve beef supplies and bring down wet market prices for consumers.
Hmm so much for live export being required to supply protein for Indonesians!!!