JAPAN - Japan imported 48,816 tonnes of beef in October, eight per cent higher than the same time last year, largely assisted by firm demand for chilled product according to data from Japan’s Ministry of Finance.
According to Meat and Livestock Australia chilled beef imports increased 23 per cent year-on-year to 21,338 tonnes, with both Australia, which was up 34 per cent to 12,312 tonnes and the US, up 9 per cent to 7,895 tonnes, contributing to the growth.
Strong US prices due to tight supplies helped Australia to reinforce its presence in the chilled beef market, on the back of positive sales at the Japanese retail sector.
MLA said that in contrast, imports of frozen beef during the month were slightly lower than a year ag, down by two per cent at 27,477 tonnes, largely affected by a reduction in volume of ‘other’ category, mostly manufacturing beef, from Australia.
The fall was influenced by ongoing robust demand for Australian manufacturing beef from the US, and subsequent price rise for other importers, including Japan.
For the first 10 months of 2014, beef imports into Japan were 443,505 tonnes, 0.6 per cent or 2,871 tonnes less than the corresponding period in 2013, with Australia taking 54 per cent of the share of the market, up one percentage point, followed by the US at 37 per cent, up two percentage points.
TheMeatSite News Desk