By Ross Ainsworth in Jakarta & Lampung – Live slaughter prices appear to have reached their bottom and turned north with average rates for February edging up a fraction to around the Rp 41,500 per kg live weight. There also appears to be a general sentiment that the “new” supply and demand equation which includes Indian beef has reached a point where the instability caused by Indian supply has now been factored into the market (after capturing about 50% of the business) and is no longer a disrupter to current day to day trading. The price of $4.06 above is a little misleading as the Aussie $ has risen so quickly during February that it has made the Indonesian price appear to be on the slide again rather than the reverse.
Read the full report at February Market Report : S.E. Asian Beef Industry | Southeast Asian Beef Market Report