Australian farmers are pushing for greater stability in international markets with the establishment of an annual export quota.
The Indonesian Government this week announced their quota on cattle exports for the start of 2016 and it’s a welcome relief for many.
In the first four months of the year, the quota is set at 200,000 head of cattle.
This sets the indicative quota for 2016 at 600,000 head however that is subject to change as early as April.
Federal Minister for Agriculture and Water Resources Barnaby Joyce spoke of his desire to establish an annual limit to give Australian farmers some long term operational stability.
“While we respect Indonesia’s right to make decisions with regards to their imports, a periodic quota system makes for an uncertain trading environment,” he said.
“The Australian Government will continue to work closely with the Indonesian Government to ensure the trade in live cattle is meeting both our countries’ needs and policies. That is why we continue to highlight what we think are the benefits of an annual system to both our nations.”
In the meantime, the current system is being treated as a step in the right direction to help out the agriculture industry.
“Our live cattle trade is a big contributor to the economies of both nations, as well as the livelihoods and well-being of Indonesians and Australians,” Minister Joyce said.
“Australia’s relationship with Indonesia in the live cattle export industry is becoming stronger by the day. This is a win-win situation for both those in Indonesia who value add and for farmers in Australia who it supports.”
Permits to import cattle are being issued right now and will be valid for the current quota period.