Imported Beef Stocks Lower in Japan15 March 2013
JAPAN - Relatively stable consumption of imported beef, at 38,385 tonnes, down one per cent year-on-year, boneless equivalent, and lower import volumes, down seven per cent, during January resulted in an easing of in-market stocks in Japan according to supply and demand data released by Agriculture and Livestock Industries Corporation.
Analysts at Meat and Livestock Australia said that imported beef inventories had been higher year-on-year since August 2012, primarily due to increased shipments of US beef on the back of slow demand for beef overall.
While the demand situation remained tough, a reduced intake from the US (impacted by strong prices and anticipation for the age relaxation) and from Australia assisted to clear some stocks during January, ending at 79,172 tonnes, one per cent lower than a year ago.
Consumption of Japanese domestic beef during the month was 8% lower compared with relatively high volume in 2012, or one per cent below the five-year average.
TheMeatSite News Desk