TOYOTA -- Japanese wholesale prices for imported beef have hit the highest level since the market was opened up in 1991, as a drought in southern U.S. states curtails supply, prompting restaurants to weigh price hikes.
Markets
U.S. drought and weak yen lift Japan's beef import costs
Highest wholesale level since 1991 could raise restaurant prices
The wholesale price of imported U.S. beef used for beef bowls has hit a record high. (Photo by Konosuke Urata)
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