From Meat and Livestock Australia
http://www.mla.com.au/Prices-and-markets/Market-news/Radioactive-beef-issue-deepens-in-Japan
22 July 2011
The crisis facing the Japanese cattle industry deepened this week, with the Japanese government ordering the suspension of beef cattle shipments from Fukushima, following the discovery of radioactive contaminated beef and the distribution of cattle fed with contaminated feed.
The numbers of cattle farms that unknowingly used rice straw containing high levels of radiation as stock feed has spread to nine prefectures, including outside the Tohoku (north east Japan) region. Beef from the majority of 1,485 cattle that had been given the contaminated feed has already been distributed nationwide, causing serious negative reactions among the trade and consumers.
In an attempt to rectify the situation, the government has announced that it will purchase all beef containing radioactive material that is higher than the regulated levels.
In the Tokyo Meat Market this week, beef carcase prices averaged around 17% to 50% lower than last week, hovering close to the post BSE period in early 2002 (following the disease outbreak in Japan in September 2001). Supermarkets have been inundated with calls from consumers to check if beef they purchased from outlets was safe, while retail sales of Japanese domestic beef declined significantly.
Reflecting the current uncertainty with Japanese beef demand, Australian beef export traders reportedly received limited interest from Japanese buyers this week. Shortfed fullset indicative values are not quoted this week due to limited information.
Besides sluggish demand for beef, consumer interest in pork and chicken has also reportedly slowed in the Japanese market, leaving the overall meat trade pondering how they can break through the current situation.
http://www.mla.com.au/Prices-and-markets/Market-news/Radioactive-beef-issue-deepens-in-Japan
22 July 2011
The crisis facing the Japanese cattle industry deepened this week, with the Japanese government ordering the suspension of beef cattle shipments from Fukushima, following the discovery of radioactive contaminated beef and the distribution of cattle fed with contaminated feed.
The numbers of cattle farms that unknowingly used rice straw containing high levels of radiation as stock feed has spread to nine prefectures, including outside the Tohoku (north east Japan) region. Beef from the majority of 1,485 cattle that had been given the contaminated feed has already been distributed nationwide, causing serious negative reactions among the trade and consumers.
In an attempt to rectify the situation, the government has announced that it will purchase all beef containing radioactive material that is higher than the regulated levels.
In the Tokyo Meat Market this week, beef carcase prices averaged around 17% to 50% lower than last week, hovering close to the post BSE period in early 2002 (following the disease outbreak in Japan in September 2001). Supermarkets have been inundated with calls from consumers to check if beef they purchased from outlets was safe, while retail sales of Japanese domestic beef declined significantly.
Reflecting the current uncertainty with Japanese beef demand, Australian beef export traders reportedly received limited interest from Japanese buyers this week. Shortfed fullset indicative values are not quoted this week due to limited information.
Besides sluggish demand for beef, consumer interest in pork and chicken has also reportedly slowed in the Japanese market, leaving the overall meat trade pondering how they can break through the current situation.
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