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Retail Asia27/03/2024

Some online stores are selling what they claim to be Kobe beef, the premium Japanese variety that usually costs VND6-15 million (US$242-605) per kilogram for a mere VND280,000 ($11). Le Thu, a seller in Hanoi, said she had imported two shipments of the meat to fulfill large orders. “The beef is cut into neat 250-gram […]

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Retail Asia18/12/2023

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Beef and buffalo meat imported from India are being sold for VND60,000-100,000 (US$2.47-4) per kilogram on some online marketplaces in Vietnam, half the price of local beef. According to data from the General Department of Vietnam Customs, Vietnam imports meat and meat products from 44 countries worldwide. In the first 10 months of 2023, it […]

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Retail Asia27/11/2023

Despite a global trend of production decline, beef production in the southern hemisphere – including Australia – is on the rise, reports Rabobank in the Global Quarterly Beef Q4 2023. However, increases in Australia and Brazil have yet to offset the production declines in Europe and the US. The report said Australian cattle prices dropped […]

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Retail Asia09/07/2021

As more consumers seek healthier options, Snackinar, a new brand in the Australian beef industry, has launched a range of ready-to-eat meat snacks called Beef Strips. An alternative to beef jerky, the ready-to-eat meat snacks use only natural seasonings like herbs, spices, salt, garlic, and chemical additives, said Snackinar. According to founder Michael Hearne, the […]

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Retail Asia31/05/2021

Beef prices are reaching record levels in some international markets with localized disruptions – including droughts and increased consumer demand in some countries – exerting a “dramatic impact” on global trade, according to Rabobank. In its Q2 Beef Quarterly research, the bank says a fundamental shift is underway in international beef market dynamics creating a […]

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Retail Asia21/12/2018

Vietnamese businesses are racing to raise upmarket Japanese cattle at home to produce cheaper Wagyu beef. Beef from cattle raised in Vietnam is 2-4 times cheaper than imported ones. Two years ago, Huy Long An Limited Company in the southern province of Long An imported thousands of Wagyu cattle, from which the famous Japanese beef […]

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Retail Asia10/07/2018

Vietnam will consider importing beef from Brazil again if food safety conditions are ensured, Deputy Prime Minister Vuong Dinh Hue has said. At the recent Vietnam-Brazil Trade and Investment Forum attended by around 100 enterprises in Sao Paulo, Brazil, he also said Vietnam could become the top importer of corn and soybeans. A quality control […]

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Retail Asia29/09/2017

Within two months, the number of suppliers and products trading through new Thailand online marketplace Passion Delivery has doubled. Directly connecting customers with local producers and importers of artisanal food and drink products, cookware and healthy lifestyle goods, the platform has increased its range from 600 products from 25 suppliers to more than 1200 products […]

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Retail Asia27/06/2017

1.9 million pounds (861,825 kilograms) of Brazilian beef products were refused entry to the U.S. The United States announced Thursday a halt to all imports of fresh beef from Brazil, the world’s second-largest producer, citing “recurring” food safety concerns. The ban will remain in place until satisfactory “corrective actions” are taken, the U.S. Department of […]

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Retail Asia14/06/2017

David Yeung believes that meat is the new tobacco. But the long-time vegetarian and practicing Buddhist won’t try to get you to stop eating meat. He just wants you to consider eating less. That’s what he’s trying to do with the citizens of Hong Kong, who collectively have the highest per-capita meat and seafood consumption […]

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Retail Asia28/03/2017

Some of China’s largest food suppliers have pulled Brazilian beef and poultry from their shelves in the first concrete sign that a deepening scandal over Brazil’s meat processing industry is hitting business in its top export market. The moves by Sun Art Retail Group, China’s biggest hypermarket chain, and the Chinese arms of global retail […]

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Retail Asia15/03/2017

On the heels of two Costco stores in South Korea beginning the transition to sourcing chilled beef from US sources, with the remaining 11 to make a similar shift from Australian beef to US imports, officials from the Iowa Beef Industry Council (IBIC) were part of a trade mission to get a closer look at […]

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Retail Asia10/03/2017

Working to displace competitors of US beef in the growing South Korean retail sector, USMEF used social media and a celebrity chef to showcase US beef ribeye, striploin and chuck flap tail during a “grocerant” promotion. The event was held at PK Market, a high-end grocery selling premium food items, and was funded by the […]

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Retail Asia04/02/2017

South Koreans consumed more American and other foreign beef than expensive local beef last year, a move that has lowered the country’s self-sufficiency rate for beef to below 40 percent over 13 years, a state-run think tank said Thursday. Last year, South Koreans consumed 362,000 tons of foreign beef, accounting for 62.3 percent of the […]

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Retail Asia22/01/2017

Despite a regain in consumer interest for imported pork, ostensibly because of bird flu, South Korea’s pork imports slightly decreased over the past year, both overall and from the U.S. Contrastingly, beef imports volumes have surged, with the U.S. product the main beneficiary. Korea Customs Service figures provided by Meat Export Federation South Korea director […]

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Retail Asia19/01/2017

Meat and Livestock Australia (MLA) has unveiled that the first large-scale purchase of an Australian cattle ranch – for beef production – by a Vietnamese company has been made, in the Northern Territory, south of Katherine. The purchase of the US$13.6 million cattle ranch by An Vien Pastoral Holding and Agriculture Company is the first […]

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Retail Asia03/01/2017

The two pre-packed premium steak lines are listed in Park N Shop, Fusion, Taste and International stores in the territory and Macau and are available now. The launch is supported by publicity and PR. This launch comes after major successes for UK lamb, beef and pork products in 2016 with Hong Kong supermarket chains such […]

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Retail Asia24/11/2016

Indonesia is considering to import cows from Mexico and negotiations are now underway for that, an agriculture ministry official disclosed on Wednesday. “Private parties and a local government were currently in the process of negotiations,” Syukur Iwantoro, an expert staff on innovation and technology under the ministry, said after attending a calf harvest event. Regarding […]

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Retail Asia19/09/2016

The Trade Ministry says it will set reference prices for a number of basic food items at the consumer level, including beef. Writing in today’s Agri Commodities Daily Alert, Comm Bank’s Tobin Gorey said the policy announced yesterday was effectively a government mandated price ceiling, aimed at maintaining domestic price stability. “The retail price range for fresh beef […]

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Retail Asia01/08/2016

Since late last year, premium Korean beef, called Hanwoo, has been making its way onto menus in some Hong Kong restaurants, as the city is one of the first places allowed to import it. Hanwoo refers to cattle indigenous to Korea which are raised only in the country, unlike wagyu (Japanese beef), which is bred […]

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