Beef producers and processors across Australia can breathe a sigh of relief , following Indonesia's announcement overnight that it will lift restrictions on boxed beef and increase live cattle imports.
According to The Land, the supply increases are for the second half of the year with a further review to be held later in 2013.
The easing of the import restrictions is aimed at stabilising the cost and supply of beef in Indonesia ahead of next month's Ramadan and the Eid Fitri Fesitval in August, which marks the end of the fasting month.
There's also talk of Indonesia's rice trading enterprise, Bulog, importing beef products including frozen carcasses.
Queensland Agriculture Minister, John McVeigh, visited Indonesia two weeks ago to rebuild trade relations, said the decision will give hope to producers and exporters.
"This decision from Indonesia, which up to now has been scaling back imports, will give our producers, processors and exporters hope and confidence for the future," he said.