CATTLE

Cattle shortages and cheap buffalo take its toll

Live exporters post losses

Kristy Moroney
Cattle shortages and cheap buffalo take its toll

Two live exporters Frontier International Agri and Wellard have both reported losses.

Frontier International Agri managing director Will McEwin told ABC Rural the company had lost money on some consignments.

"One customer in particular has been in development mode, so they have gone from a very minor player in 2016 to being the biggest importer in Vietnam in 2017 and we are their major supplier," McEwin said.

"That partnership has helped us maintain volume but unfortunately for probably all exporters, maintaining volume has come at a cost of margin and that is where it has been very difficult,” he said.

"There are those factors that come into play and it has resulted in the fact that we have lost money on some consignments.”

In August, ASX-listed exporter Wellard also pointed to high beef prices as the reason for the company posting a $77 million loss.

According to a media report in Indonesia, the government will allow 31,000 tonnes of frozen buffalo meat to be imported from India this year.

The report stated the allocation of 31,000 tonnes was an "unrealised allocation" from 2017, with last year's total import of frozen Indian buffalo meat amounting to 55,000 tonnes.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Research Report: Field Days Wrap (November 2024)

Kondinin Group's research team has the low down on the latest gear that was on show at various field days held around the country in the past few months.

editions

Research Report: Trailing Sheep Feeders (October 2024)

Trailing sheep feeders are on the menu for Kondinin Group's October Research Report with nine popular models covered.

editions

Research Report: Livestock Management Software (September 2024)

Kondinin Group's September Research Report looks at a range of livestock management software platforms which can make life a lot easier when it comes to efficient sheep and cattle production.

editions

Research Report: Grain Storage (August 2024)

This month's Research Report from Kondinin Group looks at the benefits and challenges associated with ground level storage with a focus on growers who have done it successfully.