Indonesia targets self-sufficient cattle industry in 9 years
JAKARTA: Indonesia hopes it will have enough domestic cattle to stop importing within nine years, under a new programme requiring livestock importers to also bring in breeding cattle, the agriculture minister said yesterday.
Indonesia abolished its quota system for cattle imports on Monday, allowing firms to bring in livestock as long as there is one breeding animal imported for every five feeder cattle.
Since coming to power in 2014, President Joko Widodo has pursued agriculture selfsufficiency policies to protect farmers, but the result has often been volatile prices and worried investors, eroding support for the government.
Virtually all of Indonesia’s cattle is shipped from Australia in trade that was worth nearly US$600 million (RM2.5 billion) last year, but the Southeast Asian nation is restricting imports and pushing buyers to breed their own livestock inside the country to reduce its dependence on imports. – Reuters