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U.S. beef is sold in a supermarket in Tokyo. Rising prices for the meat have hit shoppers in Japan. (Photo by Kosaku Mimura)
Market Spotlight

Beef price surge piles pressure on restaurants and retailers

Asian demand comes up against global supply constraints

NANA SHIBATA, Nikkei staff writer | Japan

TOKYO -- Asia's growing appetite for beef is colliding with COVID-era supply glitches and food price inflation, driving up the cost of the meat and hitting consumers and restaurant owners across the region.

U.S. cattle prices are at their highest levels in two and a half years and production and shipping difficulties have layered on even more costs, international data show.

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