$10.5m fine for Indonesian cattle importers and lotfeeders

Updated April 27 2016 - 2:56pm, first published 10:00am
Indonesian importers hit with $10.5m in fines
Indonesian importers hit with $10.5m in fines

ON the eve of the release of import permits for the second trimester, Indonesia has stunned its cattle import and feedlot sector with the announcement last Friday of Rp 107 billion (A$10.5m) in fines against 32 companies for supposed cartel behaviour in colluding to fix the price of beef in markets in the greater Jakarta area.

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