Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Indo Minister steps up rhetoric on live cattle

The Indonesian agriculture minister Suswano has stepped up his anti-Australia rhetoric, calling for cut backs on the importation of live cattle from Australia due to the ongoing spying rift between the two neighbours.

The Minister has called on the cattle industry to cease imports of cattle from Australia and to give preference to local suppliers. He said the appeal was related to Australia’s snooping on Indonesia.

“Basically it is business-to-business, (and is) the right of businesspeople to chose where they source their meat supplies. However, when the government shows a certain political stance, it would be good if the businesspeople adapt to it,” he said.

Ross Taylor, President of the WA-based Indonesia Institute said that the minister's comments highlighted that tensions remained over the spying issue.

"Minister Suswano is walking a delicate path", said Mr Taylor. "On one hand he wants to appeal to the strong nationalistic sentiment that prevails in Indonesia at present, as there is not much downside for a politician calling for action against a snooping neighbour. On the other hand the minister knows that the live cattle trade between Australia and Indonesia is critical in feeding particuarly the poorer segments of the Indonesian community".

Mr Taylor said that the last time Indonesia severely restricted imports of live cattle from Australia, prices of beef in the local markets increased by over 100% resulting in protests and anti-government reactions.

"The agriculture minister cannot allow this to happen again - particularly in an election year - so pragmatism will probably prevail and the cattle trade will gradually move back towards the 700,000 head per year quota, and more".

Mr Taylor said the trade between Australia and Indonesia is a 'perfect' arrangement and should be used as an example of how partnerships between our cattle industries can achieve very good results for both countries.

"But this trade cannot be 'switched on and off' depending on the politics of the day", said Mr Taylor. "Therefore the sooner the political issues over spying can be resolved, and this industry can be stabilised, then the sooner business can get on with developing partnerships to build on what is already a trading arragement that benefits both countries enormously".


© Scoop Media

Business Headlines | Sci-Tech Headlines


Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>


Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>


Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>


Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>


Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>


Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>


Get More From Scoop

Computer Power Plus
Search Scoop  
Powered by Vodafone
NZ independent news