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Indonesia: Beef import quotas to be removed to solve price inflation
2013/7/24 10:34:22 Source: fashionnetasia Author:unknown

Indonesian government has plans to remove import quotas for beef and live cattle to combat price inflation in the domestic market, sources reported.

The country's trade minister, Gita Wirjawan, suggests a parity price for beef in the Indonesian market. Prices going 15% or more above that parity price would automatically allows suppliers in other countries to export beef or live cattle to Indonesia.

The government said that it wanted to be self-sufficient in beef by 2014 and it immediately began to impose stricter controls on the volumes of beef and cattle coming into the country from overseas.

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