Elders buys ag chem supplier, sells Indo beef feedlot and meatworks

Andrew Marshall
Updated April 13 2018 - 7:51am, first published April 9 2018 - 1:30pm
Elders' Indonesian feedlot at Lampung which fattened about 12,700 feeder steers last financial year, has been sold to Indonesian-Australian company Pramana Austindo Mahardika.
Elders' Indonesian feedlot at Lampung which fattened about 12,700 feeder steers last financial year, has been sold to Indonesian-Australian company Pramana Austindo Mahardika.

Poor returns and frustrating business conditions have convinced Elders to cut its last investment ties with the live export sector in Indonesia, selling its 8200-head feedlot and abattoir near Jakarta.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

Get the latest QLD news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.