ANALYSIS: Japan's July 2024 Beef Imports Surge 27.5% Y-o-Y; Tourism Spike Supports Growth
Japan’s beef imports in July 2024 reached the second highest monthly total of the year, rising 3.8% month-on-month (m-o-m) by 1,789 metric tonnes (mt) to 49,347 mt, according to the latest data from Trade Statistics of Japan.
Earlier in February, volumes hit a five-year low at 31,012 mt, but still fell in line with typical import patterns.
On a yearly basis, imports grew a staggering 27.5% (+10,649 mt), led strongly by higher Australian volumes. In 2023...
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