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Commodities

Japanese beef exports surge after Taiwan and Australia lift ban

Shipments grow 44% in first half as volumes seen topping 2017's all-time high

Wagyu beef is famed for its marbled texture and high fat content. Taiwan replaced Hong Kong as the main destination for Japanese beef exports after lifting restrictions last September.   © Kyodo

TOKYO -- With Taiwan and Australia starting to import Japanese beef again, the country's exports of the meat have grown at a record pace, with the momentum expected to remain for the rest of this year.

Taiwan in September lifted a ban on imports of unprocessed Japanese beef and Australia lifted restrictions in May. This has provided a boost not just to shipments of the product, but also the Japanese government's drive to raise farm exports overall to 1 trillion yen ($8.96 billion). Both countries had suspended imports amid the bovine spongiform encephalopathy, or mad cow disease, scare in 2001.

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