ANALYSIS: Japan's Sept 2024 Beef Imports Plummets to 7-Month Low Amid High Inventory Pressure

Japan’s beef imports in September 2024 plunged 21.9% month-on-month (m-o-m) to a seven-month low, totalling 38,177 metric tonnes (mt), as reported by Trade Statistics of Japan.

At the lowest level since February 2024, this 10,707 mt decline was mainly led by lower volumes from its major suppliers, apart from Mexico. This monthly slowdown traces back to lingering challenges from Japan’s scorching summer, which curtailed foodservice consumption and led to inventory buildups across key regions such as Tokyo... 

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