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Japan’s super-expensive beef prices hit 4-year low

Wholesale prices in Japan for Wagyu beef have fallen to their lowest since June 2020, as demand plummeted due to the COVID-19 pandemic. Japanese beef While prices have yet to recover, farmers are struggling amid rising costs. Demand for premium Wagyu beef has weakened sharply amid inflation, prompting some supermarkets to stop selling it altogether. The average wholesale price of A5 grade Wagyu beef fell to 2,377 yen ($16.13) per kilogram on the Tokyo market in July 2024, down 7% from a year earlier, according to the Japan Meat Wholesalers Association. The price has been falling for five straight months..