March Market Report : S.E. Asia Beef Industry

Southeast Asian Beef Market Report

28th Edition : March 2016.

Key Points 

  • Indonesian importers continue to suffer losses
  • Vietnam prices remain under pressure from oversupply
  • Foot & Mouth resolving quickly in Vietnam 
  • The strengthening AUD is causing pain for all importers
  • Wealthier Chinese consumers ignore high beef prices  

20160410 Graph

Indonesia  :  Slaughter Steers AUD $4.19 / kg live weight (Rp9,900 = $1AUD) 

Importers remain hostage to high priced imported feeder cattle while the domestic slaughter market continues to weaken as the majority of consumers refuse to pay prices for fresh beef that will allow importers any chance of breaking even.  Weakness in the domestic price is being further impacted by increasing volumes of smuggled Indian beef as well as discounted imported Australian secondary cuts.  The government has allocated import permits to State Owned Enterprises (SOE’s) to purchase secondary cuts (mainly from Australia) which are wholesaling at about 30% less than locally produced product allowing…

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