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World's highest cattle prices might be too rich for key markets

Brad Thompson
Brad ThompsonReporter
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Key Points

  • Revenue ($m) 87.6, down -62.7%
  • EBITDA ($m)23.3, up94.2%
  • Net profit ($m) 0.2, up-100.4%
  • No final dividend 

Australian cattle prices are now the highest in the world among major producers and the steep rise is posing a headache for the export industry as it looks to hold on to key customers in Indonesia and Vietnam.

There are fears the sky-high prices will see Australia’s two biggest cattle markets turn to Brazilian beef and India buffalo as cheaper alternatives.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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    Original URL: https://www.afr.com/companies/agriculture/highest-in-world-cattle-prices-might-be-too-rich-for-key-markets-20200827-p55pvc