The head of a British-owned pastoral company operating in Australia says he's confident the live cattle trade is only suffering a temporary slowdown, as import permits to Indonesia are expected to run out by the end of October.
Brahman bulls waiting to be auctioned in Katherine. | Photographer: (Steven Schubert)
The Thames Pastoral Company, which is owned by asset managers Insight Investments, runs Tanumbirini Station in the Northern Territory's Gulf of Carpentaria district.
General manager David Connelly says the company is investing in improvements for the property to increase its carrying capacity, as he believes there will be a high demand for northern cattle in the long term.
"I'm confident that the live export market will be there for years to come," he said.
"I think in the short term it's going to be a little bit tough, but I believe it is a very strong trade and I believe the long term outlook for it is very positive."
Source: farmonline.com.au
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