STOCK MARKET BSE NSE

Indonesia turns to India buffalo as beef alternative

Buffalo meat imports provide a meat alternative to the community that\'s cheaper, healthy and Halal.

Published: 02nd September 2016 04:25 PM  |   Last Updated: 02nd September 2016 04:25 PM   |  A+A-

JAKARTA : Indonesia's procurement agency has reached an initial agreement to import an extra 70,000 tonnes of buffalo meat from India this year, as it seeks to balance the effects of food import controls aimed at improving self sufficiency.

"In principle they both agree. We'll discuss the details today," Bulog procurement director Wahyu said on Friday, referring to discussions with the trade and agriculture ministers.

Wahyu, who like many Indonesians goes by one name only, said the deal would bring Indonesia's total buffalo meat imports to 80,000 tonnes in 2016.

The buffalo meat imports are intended to help stabilize meat prices that have climbed as a result of beef and cattle import restrictions.

"Buffalo meat imports provide a meat alternative to the community that's cheaper, healthy and Halal," Bulog CEO Djarot Kusumayakti told reporters.

According to trade ministry data, beef currently costs around 115,000 rupiah ($8.68) per kg. Bulog is selling buffalo meat for 65,000 per kg at a consumer level.

President Joko Widodo said earlier this year he wants fresh beef to cost around 80,000 rupiah per kg.

Indonesia, which has the world's biggest Muslim population, imports virtually all of its cattle from Australia - a trade that was worth nearly $600 million in the last financial year.

Indonesia is pushing importers to start breeding their own cattle as part of efforts to reduce its dependence on imports.

Last year, Indonesia had to cull millions of chickens to ease supply swings and issued more import permits for cattle to cool beef prices.

Bulog will also import 260,000 tonnes of raw sugar this year, "most of it from Brazil," Bulog CEO Djarot Kusumayakti told reporters.

In June, Southeast Asia's largest economy said it would control wheat imports that had jumped after corn imports were capped this year.

Stay up to date on all the latest World news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp