Japan: Verification of the import quotas for butter and skim milk powder for fiscal year 2024

Press Release 1. Import quotas for butter, skim milk powder, etc. through state trade Imports of butter, skim milk powder, etc. are based on state trade through the Agriculture and Livestock Industries Corporation so as not to affect domestic supply and demand. The import quotas for the following fiscal year are announced in January each year, and the need for increases or decreases is examined mainly in May and September. 2. Current supply and demand situation Demand for skim milk powder, which is an ingredient in yogurt, etc., is sluggish, while demand for butter is strong, especially for commercial use. In this situation, the import quota for butter was expanded in June this year to avoid disrupting the stable supply of butter, and dairy industry and wholesale stakeholders have said that the supply volume is expected to be secured until the peak demand period in December this year. On the other hand, due to sluggish raw milk production in the first half of this fiscal year ...