Japan to Buy Australian Beef on Radiation Concern, AACo Says

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Japanese demand for Australian beef may increase after radiation was found in domestic meat and amid concern that cesium leaks from the crippled Fukushima Dai-Ichi nuclear power plant may spread further, according to Australian Agricultural Co. Ltd.

“We’re expecting to see better demand out of Japan as they move away from their own herds,” chief executive officer David Farley said on a conference call today. That follows a boost in demand for beef after radiation was detected in Japan’s seafood in March, he said.