Japan | Domestic Beef Prices Soar | Wholesale prices of Japan’s domestic be...

Japan

Domestic Beef Prices Soar

Wholesale prices of Japan’s domestic beef have jumped 40 percent compared to 12 months ago, according to the Japanese newspaper, the Nihon Keizai Shimbun. Japan’s farmers have sent five times more cattle to slaughter, but even this increase in production hasn’t offset price increases caused by the ban on U.S. beef. The avian influenza outbreaks in Japan and Asia have also bolstered beef prices.

Domestically produced beef, according to the Nihon Keizai Shimbun, is trading for around 800 yen per kilogram for medium-grade cuts 40 percent higher than a year earlier.

Other imported sources of beef are still paying a 50 percent tariff until the beef safeguard runs out at the end of March and the tariff returns to 38 percent.

Japan

Domestic Beef Prices Soar

Wholesale prices of Japan’s domestic beef have jumped 40 percent compared to 12 months ago, according to the Japanese newspaper, the Nihon Keizai Shimbun. Japan’s farmers have sent five times more cattle to slaughter, but even this increase in production hasn’t offset price increases caused by the ban on U.S. beef. The avian influenza outbreaks in Japan and Asia have also bolstered beef prices.

Domestically produced beef, according to the Nihon Keizai Shimbun, is trading for around 800 yen per kilogram for medium-grade cuts 40 percent higher than a year earlier.

Other imported sources of beef are still paying a 50 percent tariff until the beef safeguard runs out at the end of March and the tariff returns to 38 percent.