Japan consumed 78,895 tonnes (boneless equivalent) of beef during August, up 12% on last year and the highest monthly volume this year, according to supply and demand data released by Japan’s Agriculture and Livestock Industries Corporation.
The growth in consumption largely came from Japanese domestic beef, which increased 30% year-on-year, to 32,114 tonnes – although this is compared against the very low figure in 2011 due to the radioactive contamination issues. With Japanese beef production in 2012 continuing to exceed the previous year level; many retailers have reportedly taken the opportunity to promote Japanese beef while supplies are plentiful.
While the consumption of imported beef remained steady at 46,781 tonnes (2% above 2011), a surge in imports (up 22% year-on-year) lifted imported beef stocks to 93,312 tonnes in August, the highest inventory since September 2002.
Total beef consumption during the first eight months of 2012 totalled 571,473 tonnes, up 4% from the corresponding period in 2011.
Source: Argentine Beef Packers S.A.
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