At the recent live-ex conference, it was pointed out that the business case for importing and feeding cattle in Indonesia was weakening. Cost of exporting cattle has increased 4-5x in the last 8 years and it is much cheaper to buy boxed meat. In fact a kilogram of meat from live export costs 5x as much as a kilogram of boxed meat.....but always remember we only do it to provide protein for the poor Indonesians.......!
Apparently, it doesnt take a rocket scientist to work out which trade will endure. Likewise, VALE would maintain it doesnt take a rocket scientist to work out which one would be better for both cattle and Indonesia's poor!
5/12/2015 07:11:35 am
How amazing. Where did the numbers come from? Id love to read it. Doesnt surprise me at all. LE can only be an inefficient form of transport compared to the density of boxed products. hmmm
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