Inflation prompts shift in meat demand in Japan
Cattle stocks decline in 2023 as farmers thin dairy herds to counter surplus production capacity, according to a recent USDA GAIN report. The resulting increase in domestic beef production will lower demand for imports in 2023.
While tourism growth will boost food service demand for beef, inflation prompts caution among retail consumers who will consume less expensive meats such as pork or chicken.
Japan’s pork production will grow in 2023, but imports will be soft as large 2022 ending stocks are drawn down.
Read also
Missed BLACK SEA GRAIN? Get Full Access to Conference Insights!
Argentine soybeans may be banned in the EU due to GM
Ukraine forecasts 60.4 mln tons of grain production
Egypt plans to achieve 70% wheat self-sufficiency by 2030 thanks to EU support
Ukrainian farmers have sown over 60% of spring grain areas
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon