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Indonesia is on the verge of opening the market to imports of live cattle from Brazil and possibly New Zealand, the beefcentral.com website reported, based on information provided to local media by a senior Indonesian government official.

EU beef production grew in the first half of 2024, driven by strong prices and resilient demand. However, the European Commission (EC) are forecasting a slight decline in beef production in 2024, down 0.5% year-on-year, as structural contraction in the breeding herds plays into slaughter cattle availability. This easing of production is expected to continue into 2025, with the EC forecasting down 1% year-on-year, as herds continue to contract. Drivers for this include increasing environmental regulation and an ageing farmer population, among others. This tightness in supply is expected to offer support to European cattle prices generally.

Indonesia will import 2 million live cattle by 2029, with an annual target of around 400,000, to support the increase in domestic meat and milk production, said the Ministry of Agriculture.