Imported Beef Consumption Eases in Japan
JAPAN- Japan consumed 61,152 tonnes (boneless equivalent) of beef in May, up by three per cent compared with the same time last year (data by the Agriculture and Livestock Industries Corporation of Japan, ALIC).
22 July 2010
1 minute read
Imported beef consumption declined by two per cent from 2009 to 30,737 tonnes.
Meat and Livestock Australia's market research team said that the lacklustre performance of the Japanese foodservice sector in May - total sales were down 1.7 per cnet year-on-year - combined with the increased import costs of Australian beef, contributed to the subdued consumption.
The import value (CIF) of Australian beef during March to May averaged 408 yen/kg, up by nine per cent compared with the same period last year.
The Australian dollar during the same period, appreciated by 13 per cent against the Japanese yen, year-on-year.
In contrast, consumption of local Japanese beef increased nine per cent year-on-year in May to 30,415 tonnes.
MLA said that plentiful supply and slow consumption lowered Japanese beef carcase prices, resulting in reduced retail prices during the month.
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