Japanese Demand for Chicken Imports Expected to Increase Slightly, USDA Says
Despite a recent outbreak of avian influenza in Japan, the demand for imported chicken meat is expected to only increase slightly this year, the U.S. Department of Agriculture Foreign Agricultural Service reported April 2. USDA said the outbreak will “continue…
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to put downward pressure on supply,” but traders are likely to “moderate imports by drawing down” existing stocks. USDA also said lingering COVID-19 pandemic impacts in Japan are expected to “slow” the country’s recovery in “foodservice demand.” However, rising domestic chicken prices could contribute to a small increase in imports for retailers, the report said.