Chilled Wholesale Prices Creep Up In Japan
AUSTRALIA - With lower beef exports from Australia in January (down 18 per cent year-on-year), wholesale prices of Australian beef in Japan have started to move upward this month, particularly chilled items.
19 February 2010
1 minute read
Chilled grassfed fullest prices averaged 790 yen/kg this week, up six per cent from a month ago, or 17 per cent higher year-on-year. The Japanese trade is aware of the strong A$ and short supply of cattle in Australia, and anticipates the prices to firm further.
In the beef export market, Japanese buyers remained interested in various items this week, but a shortage of product, competition from other markets, and the robust A$ continued to be a challenge. Trimmings have attracted particularly good attention, according to Australian exporters.
TheCattleSite News Desk
