Growing Acceptance of US Beef in Japan
AUSTRALIA - The Japanese trade reported slow but growing demand in the wholesale market for US beef, particularly yakiniku (Japanese/Korean style barbeque) cuts. In retail, a major retailer Daiei started selling a wider range of US beef from this week, supported by demand from their customers, as well as the recent appreciation of the Japanese yen against the US$.
26 May 2008
1 minute read
According to a survey conducted by the Foodservice Industry Research Institute of Japan, 35% of respondents said they have ‘no intention of buying US beef’, compared with 57% during the same survey previous year.
Exporters noted firm demand for trimmings from Japan this week, but trading was mostly limited otherwise, due to importers not matching market prices. Monthly exports to Japan as of 18 May totalled 18,143 tonnes swt (Department of Agriculture, Forestry and Fisheries), while volumes to Eastern Europe – mainly Russia – reached to 10,060 tonnes during the same period.
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