Pork, chicken prices in Japan hit record highs in August
Prices of imported products rose due chiefly to the yen's weakening, leading to a rise in demand for domestic products and subsequently pushing their prices higher.
In August, Japan saw record-high retail prices for pork and chicken, according to the latest survey conducted by the Agriculture, Forestry and Fisheries Ministry. The ministry's report, released on Wednesday, indicated that domestic pork and chicken prices surged due to the yen's weakening, which boosted demand for locally-sourced products.
The average price of pork loin reached ¥290 per 100 grams, a ¥3 increase from the previous record set in July. Chicken thigh prices climbed to ¥156, surpassing the previous high of ¥155 set in June. Despite the price hikes, imported beef, domestic beef, and eggs maintained average prices above their five-year averages. The monthly survey, which visits 10 stores in each of Japan's 47 prefectures, calculated average prices and published the results each month.
For pork and chicken, domestic product prices were surveyed unless only imported options were available at stores. The survey was conducted over three days, from August 1 to August 5.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
