After surging in January, beef sales to Japan slipped a little in February as buyers adjust to the new Trans-Pacific trade deal, says the Canadian Cattlemen’s Association.
An initial tariff cut (to about 27 per cent from 38.5 per cent) in the new year saw beef sales more than triple in January to 3,545 tonnes from a month earlier. That fell to 2,455 tonnes in February.
But the initial surge was likely due to buyers holding back in December in anticipation of the tariff drop. As well, a second tariff cut came into effect on April 1.
“It will be at least a year before a clear trend can be established,” the CCA said in a recent e-newsletter.