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Japan is anticipated to have a better starting stock of swine in 2024 with 8.97 million head. Though manufacturing prices are nonetheless excessive, sturdy carcass costs and regular home demand ought to maintain manufacturing ranges. Slaughter in 2024 will likely be up, reaching 1.3 million MT, CWE however pig manufacturing will greater than preserve tempo, so ending stock in 2024 will likely be up yr on yr.
Pork is predicted to proceed to be a important protein supply for shoppers in Japan in 2024. Customers are deciding on pork and pork merchandise as inexpensive different animal protein sources. Demand for pork is predicted to stay sturdy as this development continues within the second half yr of 2023 by 2024. Home consumption in 2024 is projected to be 2.79 million MT, CWE.
Aggressive pricing of frozen pork sustains excessive demand by meals processors in addition to the lodge, restaurant, and institutional sectors. Japan’s pork imports are forecast to be regular in 2024 at 1.51 million MT, CWE. Development is projected in 2024 for imports of ready pork merchandise as tariff cuts take impact, particularly for floor seasoned pork (GSP), which is especially meant for sausage manufacturing.
August 18, 2023/ USDA/ United States.
https://apps.fas.usda.gov
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