Japan - The pork market
17 Oct 2012
Although, Japan’s pork market enjoyed a high level of imports and consumption in the past, this may no longer be the case.
Japan’s pork sales, especially in the retail and the food service, have stalled this year due a large (and thereby cost-competitive) surplus poultry meat.
Pork sales are now expected to adjust downward slightly in 2013 in response to low market prices and weakening demand and Post projects weak growth in Japan’s pork market in 2013.
At the same time, it is expected that Japan’s high dependence on imported grains will raise prices of livestock feeds for the forecast year.
This sets a rather difficult tone for 2013 for Japanese livestock producers’ market outlook for their already relatively expensive domestic beef, especially for cuts from high-grade Wagyu carcasses.
Source: Argentine Beef Packers S.A.
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