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Chilled Wholesale Prices Creep Up In Japan

19 February 2010
Meat & Livestock Australia

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.

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

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