Japan imported 50,303 tonnes swt of beef in July, with shipments from the US increasing in both volume (up 18% year-on-year) and value (up 38%), according to data released by Japan’s Ministry of Finance.
Imports from the US during July reached 14,867 tonnes swt, the highest monthly result since the resumption of trade in July 2006.
US chilled beef volumes for July jumped 25% on last year to 7,408 tonnes swt (also the record high since the resumption), with the value surging by 45% year-on-year.
Along with the larger volume, the lift in value for July was largely influenced by higher prices from the US, while the US$ during June and July depreciated slightly against the Japanese yen.
Japans intake of beef from Australia was similar to July 2011 (up 1% at 29,670 tonnes swt), with improved volume of chilled beef (14% higher at 12,431 tonnes) partially assisted by the higher US prices.
Volumes from New Zealand, Mexico and Canada all declined year-on-year, totalling 3,177 tonnes swt, 1,650 tonnes swt, and 877 tonnes swt, respectively.
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