Japan - The beef trade slow
15 Sep 2012
It was a slow week for imported beef in the Japanese wholesale market, with many retailers reportedly still allocating a larger proportion of shelf space to Japanese Wagyu/domestic beef, as a result of subdued Obon holiday sales.
The trade waits for a pick-up in interest for Australian beef when end-users commence their negotiations with suppliers for autumn/winter promotions early to mid-next month.
Lack of strong interest from the market continued to challenge Australian beef exports this week, with indicative prices showing a slight easing in US$ terms from last week, reflecting sluggish demand and a small fall in the A$.
Source: MLA.com
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