Indonesian beef market under further pressure I Lunar New Year celebrations
Slaughter cattle prices into abattoirs have risen slightly over the last two months to 53,400 Rb (AUD $5.18) per kg live weight in local currency terms. This hasn’t been enough to change the outlook in the market and the general feeling is still very subdued at the current price.
The previously reported ample supply of frozen Indian buffalo meat (IBM) is still available at around 105,000 Rb/kg ($10) with relative beef prices at 136,000 Rb/kg ($13) in wet markets and 176 Rb/kg ($16.83) in supermarkets. The differences in price from Ross’s article in November are likely due to the change in sources and not due to changes in the market itself.