The USDA lowers Japan ‘s beef and pork import forecasts for 2023
The USDA has just released its latest report on Japan’s beef import forecasts for 2023 . According to estimates, imports will drop since consumption has been reduced due to the strong inflation that the country is going through and the depreciation of the yen against other international currencies. Imports in 2022 were down 4% overall compared to 2021 and stood at 776,556 t. In the case of premium and refrigerated meat, they fell by 18%, but imports of frozen beef increased by 7%. For this reason, Japanese frozen beef and food service channel importers accumulated inventories awaiting rebounds driven by tourism.
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