Japan Market in Search of Grassfed
AUSTRALIA - Australian exporters noted the continuing interest in grassfed beef from Japanese buyers this week, but supplies this year seem to have already been exhausted.
11 December 2009
1 minute read
With uncertainties surrounding the Australian dollar, Meat and Livestock Australia says that cattle supply and demand from key markets, both exporters and buyers are likely to embrace the fresh start in the new year, rather than make hurried commitments this month.
In the Japanese wholesale market, Australian chilled beef prices increased in most categories, particularly grassfed items.
Grass tenderloin was traded at around 2,750 yen/kg, up 12 per cent from last week, and 34 per cent higher than 12 months ago.
US chuck eye roll was also in strong demand, priced seven per cent higher than last week at 800 yen/kg (choice grade), but 13 per cent lower than the same time last year, mainly due to the increased supply.
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