Indonesia uses state-owned enterprise to stabilize meat prices amid global supply…
What happened
The government of Indonesia is controlling commodity supply, utilizing the state-owned enterprise Berdikari to import meat and stabilize domestic prices. This action occurs as Australian live cattle exports have dropped by 23.5% year-on-year, and high Australian cattle prices are creating difficult trading conditions for partners.
From beefcentral.com
Why it matters
Indonesia's domestic price caps are being maintained despite rising global beef prices, such as the 12.8% year-on-year increase in China's live cattle prices. This government intervention is part of broader discussions regarding food security and economic growth strategies in Indonesia.
Prabowo and officials discussed food security and economic growth strategies in Indonesia.
From beefcentral.com
Who's involved
- Prabowo SubiantoPresident of the Republic of Indonesia, driving national policy
- IndonesiaThe island country where commodity supply is being controlled
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IndonesiaSpeculative
Domestic price caps could affect consumer demand and the cost of meat in Indonesia
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The entities involved
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Prabowo
Indonesian politician (born 1962 in Kab. Semarang)
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Indonesia
island country in Southeast Asia and Oceania