Local beef demand up by 6 percent in 2014

Local beef consumption will rise next year by around 6 percent to 560,000 tons, according to an estimate by the Agriculture Ministry.

The government hoped that out of that figure, about 80 percent would be fulfilled by domestic supply, Agriculture Minister Suswono said Monday.

However, he added, the government would not set import quota for next year, allowing imports to be driven by the market.

Indonesia set a total live cattle import allocation of 267,000 heads for this year, with a beef import quota of 32,000 tons, 20 percent of which would be prime cuts.

The government recently lifted the import quotas for beef and live cattle to stabilize domestic prices and tame inflation

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