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Trade war

Aussie beef prices rise as China loses appetite for US meat

As trade war kicks in, Australian products take over hot pot menus

U.S. beef prices have fallen about 5% in Japan over one month.

TOKYO -- Wholesale prices for Australian beef have surpassed those for U.S. imports here, a side effect of the Washington-Beijing trade war that has steered Chinese consumers toward products from Down Under. 

The price of 1 kg of short plate frozen U.S. beef hovered between 740 yen and 750 yen ($6.61 and $6.70) as of Tuesday, declining 5% over a month. During the same period, Australian frozen beef rose 5-6% to roughly 770 yen.

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