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last update:Aug 14, 2008
US Pork exports to Japan boom
Exports of US pork to Japan are up by 20% on the same
period last year making Japan the top destination for US pork in terms of
value.
The weakness of the dollar compared to the Yen is an obvious factor many
would attribute to the increase however Tokyo-based analyst Greg Hanes states
that "this has a little bit to play on it, but I think in Japan it's not as big
of a factor as most people think because there's a gate-price system in Japan
where all imported pork has to meet that same price. Regardless of what the
exchange rates are, the products still have to come in at that same average
price,"
Imported pork has become more attractive to Japanese consumers
due to the large increases that nation is experiencing in livestock feeding and
production costs, he added. But while imports are available in Japan from
several pork-producing countries, the quality and consistency of U.S. pork is
making it the preferred choice of more Japanese consumers.
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