TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsGovt to import up to 300,000 beef cattle: Minister
Trade Minister Thomas Lembong said on Tuesday that Indonesia would import between 200,000 and 300,000 beef cattle this year to deal with a scarcity in supply that has inflated meat prices in several regions
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
T
rade Minister Thomas Lembong said on Tuesday that Indonesia would import between 200,000 and 300,000 beef cattle this year to deal with a scarcity in supply that has inflated meat prices in several regions.
'For the rest of this year, we will probably import between 200,000 and 300,000 beef cattle. We have decided this but it is still in process,' Thomas said as quoted by Antara news agency.
However, Thomas did not mention the names of countries from where the beef would be sourced.
Thomas explained that the import decision was part of the government's effort to eradicate hoarding practices that had caused the soaring beef prices.
'We are ready to add more supply to the market so the hoarders will think twice. With more supply, the price will go down and those hoarders will suffer heavy financial losses,' he said.
Thomas said his office would coordinate with the Agriculture Ministry to ensure that the import quota was in line with domestic need.
Since last week, beef traders have been on strike protesting the high retail and wholesale price of beef.
According to recent data, the price of beef went up to Rp 120,000 (US$8.60) per kilogram from Rp 110,000 per kg after the Idul Fitri holiday in July. (ika)(+++)
