Indonesia has released permits to import 167,000 head of cattle from Australia in the third quarter of 2014.
According to the Jakarta Post, around 80 per cent of that figure (133,600) will be feedlot cattle and the rest will be ready-to-slaughter cattle.
The quota for the third quarter is much lower than the second quarter, but that’s traditionally the case, because it’s the second quarter which Indonesia needs to boost imports so it can stock up ahead of Ramadan and the post festival of Idul Fitri.
"The permit quota is in line with our import plan," said the director general of foreign trade, Bachrul Chairi.
He said between 120,000 and 150,000 head of live cattle would be slaughtered for Idul Fitri, which the government hoped would keep the price of beef below Rp 100,000 (AUS$8.82) per kilogram.
Ben Hindle from the Northern Territory Livestock Exporters’ Association (NTLEA), says the new batch of permits is more than enough to keep everyone in the supply chain busy.
"Most definitely. Exporters are going to be as busy, if not busier than they usually are," he said.
"This is another confidence booster from the Indonesian Government, there are terrific signs all-round, right through the supply chain to Indonesia."
Mr Hindle says Australia has already exported around 350,000 head of cattle to Indonesia this year and he expects the price for export cattle to improve over the next couple of months.