In­done­sia tar­gets self-suf­fi­cient cat­tle in­dus­try in 9 years

The Sun (Malaysia) - - SUNBIZ -

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

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