Japanese face competition from Russia

by Editor fleischwirtschaft.com
Tuesday, April 08, 2008

fleischwirtschaft.com – Japanese buyers faced strong buying competition from Russia last week, as Russia looked for alternative supplies from Australia due to the farmers’ strike in Argentina.

Russian demand was reportedly strong across the board, but especially for frozen items. In contrast, Japanese offers were subdued, resulting in limited trading. Exports to Japan in the next couple of weeks may largely depend on the strength of Russian inquiries and the movements of the Japanese Yen against the US$.

After trending downwards for several weeks, most chilled grassfed prices in the Japanese wholesale market stablised - brisket and butt cut prices rose 2 to 5%.