The largest importer of Australian live cattle and Asia’s biggest beef breeder – Japfa Food’s Santori beef division of Indonesia has announced that it has bought the Riveren and Inverway cattle stations in Northern Australia for a reported amount in excess of $35 million. The two cattle stations encompass 550,000 hectares of pastoral lease land a breeding herd of 40,000 cattle. The purchase comes directly after Indonesia boosted its orders for Australian cattle this year by 53,000 head to meet growing demand.
To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free bi-weekly enhanced eNews service