Japanese Imports Of US Beef Surge

JAPAN - Japan imported 47,132 tonnes swt of beef during August, up four per cent on the same period last year (Ministry of Finance, Japan), reports Meat and Livestock Australia (MLA).
calendar icon 30 September 2011
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Meat & Livestock Australia

MLA states that shipments from the US for the month increased 40 per cent year-on-year, to 12,593 tonnes swt, the second highest volumes since the resumption of trade in 2006.

Imports from Australia were down seven per cent year-on-year, to 29,011 tonnes swt, with chilled shipments hit hard by the surging US volumes, contracting by 24 per cent.

MLA states that in the Australian beef export market, while the A$ remained below parity for the week, it failed to provide the much needed kick from Japanese buyers, who reportedly anticipated more favourable pricing from Australian beef exporters. Instead, collective demand from emerging markets kept prices firm, resulting in many Japanese buyers taking up a 'wait-and-see' approach.

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