High-priced Australian cattle are not worth the risk for Indonesia importers as sheep exports to the Middle East continue to slide.
Wellard also noted a continuing decline in sheep shipments from Australia to the Middle East as the Albanese government moves to shut down the trade.
“An actual outbreak of LSD or FMD in Australia would not change the current market as it is effectively closed now until Indonesian importer confidence returns,” he said. Wellard, which charters three livestock carriers for cattle exporters, said the decline in Australian prices would need to continue to sustain trade with Vietnam.The Fremantle-based company expects the trade in breeder and dairy cattle from New Zealand, Australia and Uruguay to North Asia to make up most of its charter work in 2022-23.
Mr Holmes a Court, the brother of Climate 200 founder Simon, operates six cattle stations in northern Australia and owns a 16 per cent stake in Wellard through Heytesbury Holdings.
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