TOKYO -- Wholesale prices of wagyu beef in Japan have fallen to the lowest level since June 2020 when demand for meat from the Japanese cattle breeds slumped amid the COVID-19 pandemic.
Exports to Asia, Europe and U.S. boom as farmers seek stable demand

Wagyu prices are slumping due mainly to feeble demand, but are still high for most consumers. (Photo by Hisashi Tsusui)
TOKYO -- Wholesale prices of wagyu beef in Japan have fallen to the lowest level since June 2020 when demand for meat from the Japanese cattle breeds slumped amid the COVID-19 pandemic.