Inflation caused a slippage in meat demand in Japan

Published 2023년 3월 15일

Tridge summary

A recent USDA GAIN report has revealed a decline in Japan's cattle stocks in 2023, with farmers reducing milk-producing herds to address excess production capacity, leading to an increase in domestic beef production and potentially decreasing import demand. Despite this, the growth in tourism is expected to boost demand for beef in the foodservice sector. However, inflation is causing retail consumers to switch to cheaper meats like pork or chicken. Additionally, Japan's pork production is projected to rise in 2023 with normal stock levels, and imports are anticipated to be low.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a recent USDA GAIN report, cattle stocks in Japan are declining in 2023 as farmers reduce milk-producing herds to meet excess production capacity. The resulting increase in domestic beef production will reduce import demand in 2023. While growth in tourism will increase foodservice demand for beef, inflation is prompting retail consumers to be cautious, who will consume cheaper meats such as pork or chicken. Japan's pork production will increase in 2023, as its 2022 ...

Source: Ticaret