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

Andrew Marshall
By Andrew Marshall
Updated April 12 2018 - 9:51pm, first published April 9 2018 - 3:30am
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.

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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).

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