Aussie beef now cheaper in Japan than in our supermarkets: What does that show?

Published 2024년 5월 21일

Tridge summary

Australian beef advocacy groups have discovered that Japanese customers are paying less for Australian grassfed beef trays in Tokyo supermarkets compared to Australia, leading to concerns of supermarket price gouging and struggling global beef markets. However, economists and meat industry analysts explain that it's normal for Australian beef to sell at higher prices in retailers in its home country. The Australian Beef Association and the Australian Cattle Industry Council have conducted research in Japan, attributing the lower prices to a more competitive supermarket market and higher standards in Japan. The findings also spark discussions on the cost of Australia's supermarket duopoly and the idea of beef pricing based on a country's ability to pay, highlighting economic and market dynamics influencing beef prices across nations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On-the-ground investigations in Japan by Australian beef advocacy groups are showing that Tokyo supermarket customers are now paying less for the same trays of Australian grassfed beef than supermarket customers here. The situation has raised the ire of plenty of cattle producers who believe it signals supermarket price gouging in Australia. There are also concerns it indicates the extent to which long-standing, highly valuable global markets for Australian beef are struggling under economic hardship. However, economists and meat industry analysts say neither of those conclusions can legitimately be drawn from the comparisons and it's not unusual for Australian beef, at any given time, to sell for more on home soil than in overseas retail. The Australian Beef Association travelled to Japan to collect data first-hand on the price Australian beef was retailing for. The Australian Cattle Industry Council then assessed the results and suggested the more competitive supermarket ...

Source: Farmweekly