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Pork Prices Rise In Japan

by 5m Editor
8 July 2004, at 12:00am

JAPAN - Wholesale prices for pork in Japan are rising, as demand increases for alternatives to beef and chicken in concern over mad cow and bird flu outbreaks, the Nihon Keizai newspaper said.

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As pork producers moved up their delivery schedules this spring, the number of pigs sent to market in June and July was about 10 percent below a typical year.

Pork prices in the Osaka wholesale market rose to 646 yen ($5.95) a kilogram as a weighted average on July 6, highest for the year, compared with 500 yen on June 21, the lowest price, the paper said.

Pork prices on Tuesday in the Osaka market were nearly 9 percent above the high of 594 yen a year ago. Pork was traded at 638 yen a kilogram yesterday.

In Tokyo, wholesale pork prices reached 577 yen a kilogram on July 6, which was 23 percent more than the price at the beginning of June.

Source: eFeedLink - 8th July 2004

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