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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
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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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