Japan Remains Composed but Vigilant on BSE Issue

JAPAN - In the Japanese wholesale market this week interest in US beef was reportedly steady, with supermarkets and restaurants in Japan continuing to sell the US beef, despite the recent announcement by the United States Department of Agriculture of a positive BSE test, reports Meat and Livestock Australia (MLA).
calendar icon 27 April 2012
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Meat & Livestock Australia

However, the trade continues to keep a very close eye on the issue, especially in relation to the BSE risk assessment by Japan’s Food Safety Commission.

In the meantime, the beef trade has also been busy stocking products for the Golden Week (series of public holidays starting from 29 April).

Pushed by short supplies and the anticipation for holiday demand, Australian frozen tongue averaged 1,450 yen/kg in the wholesale market this week, a jump from 990 yen/kg last week and 44 per cent higher than the same time last year.

In the Australian beef export market this week, the short trading week combined with the US news resulted in mixed results for trading with Japan. Chilled prices were not available this week due to limited quotes.

TheCattleSite News Desk

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