BREAKING - There is no future in live export: Live Exporter

A major player in the live export trade is calling it quits, sending the strongest signal yet that live export isn't only bad for animals, but bad for business.

shadow

LAST UPDATED: 26 September 2016

They say if you want to know where the world is heading just look at where the money is being invested... well for Agribusiness giant Elders, it's no longer going to be in the shipping of live animals from Australia.

A pioneer of the live export industry, Elders has announced it will immediately stop shipping cattle to China and is selling off its short haul and air freight operations which have been sending sheep and cattle into South East Asia.

The live export business is the business that keeps us awake at night.Elders CEO, Mark Allison

Company exits live export. Share price goes up.

It's not only board members who'll be sleeping easier but shareholders have responded positively to the news, with Elders' share price jumping 7 per cent on the back of the announcement.

In a stark and telling contrast that shows just how unpalatable live export is to the average investor, WA exporter Wellard has taken a battering on the stock exchange, their share price plummeting to a record and untenable low.

It is the highest risk business from a reputational viewpoint, from a sovereign risk viewpoint, from an exchange rate viewpoint, from a biological viewpoint and from a regulatory viewpoint.Elders CEO, Mark Allison

Community concern drives change for animals

Animals Australia's investigations exposing terrible cruelty to animals at every stage of the live export journey resulted in regulations that have made exporting harder, more expensive and a less attractive investment prospect.

But there's another reason companies like Elders are reviewing their business models... you.

There might be some political or social aspect to the reasoning as to why they're looking to exit this as a business model. From a social standing, they may be making the decision that it's uneconomic at the moment and into the future.Mercado market analyst, Matt Dalgleish

Market analysts say Elders' decision isn't just about the bottom line but more likely a reflection of growing community concern about animal welfare. After all, live animal export not only reflects terribly on the countries that allow it but on the companies that facilitate and profit from it.

And as more people speak up for animals and voice their concerns about live export, the more companies like Elders will be inspired to reconsider where they invest their time and money.

shadow

Love animals? Subscribe and help end animal abuse:
I've read and accept the privacy policy
Like Animals Australia On Facebook
UP NEXT...
One of the world's foremost spiritual leaders has used his influence to speak out in defence of all those who share this planet. Read more » »

Lyn White, Campaign Director at Animals Australia, spoke to audiences across the country — and asked one simple question: 'Does history have to repeat itself or is it possible to have a kinder, more peace... Watch now » »

Despite the nightly news doing its best to depress, from Australia to Brazil, China to Norway, there is one trait that unites humankind all over the world — kindness. Read on to discover some of the best animal... Watch the viral video » »

In a glorious tribute to the power of compassion, the Gadhimai slaughter festival will now be a "momentous celebration of life." Celebrate the great news » »

Explosive evidence of 'live baiting' cruelty has rocked the Australian greyhound industry. View via iView or the Four Corners website. Get the details & tune in »

In response to the exposure of hidden abuse of greyhounds sent to SE Asia, the flying Kangaroo has vowed to not support this cruel export trade. Read the good news » »

You already know cage eggs are cruel, but you'll never hear the cage egg industry admit it. So what else might they be cagey about? These five facts may ruffle some feathers. Discover the truth » »

For the first time, an Australian organisation has been selected as a “standout charity” by U.S.-based Animal Charity Evaluators! Animals Australia has been awarded this evaluation in recognition of our efforts... Read more » »

What contributes more to climate change than all the world’s planes, trains and automobiles combined? Hint: it’s not coal and it’s not good for humanity! Read more » »

No chickens were harmed in the making of this video. Or this meal. Read more » »

Make a difference for animals...

www.animalsaustralia.org