Australia is set to strengthen its dominance over the U.S. as Japan’s biggest beef supplier as a trade deal drives shipments toward a four-year high.
Imports of Australian chilled beef rose 8 percent last quarter and may reach the highest since 2011 while shipments from the U.S. drop to the lowest in three years, according to Tatsuo Iwama, executive director of Japan Meat Traders Association. The rising inflow of Australian meat to Japan’s $2.6 billion beef market is the result of decreasing tariffs triggered by a bilateral agreement that went into effect in January, he said.
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