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ANALYSIS: Tourism Boom Aids Japan's 2024 Total Beef Imports to Rise 4.4% Y-o-Y Despite Weak Yen
Japan’s 2024 total beef imports rose 4.4% year-on-year to 526,166 metric tons (mt), according to the latest statistics by Trade Statistics of Japan.
As the world’s third-biggest beef importer, inbound tonnage was 22,227 mt higher compared to the previous year, aided by its tourism boom. Higher volumes from Australia, New Zealand and Uruguay supported this growth, while supply from the United States (US) slumped as it grappled with its lowest herd size in 73 years...
ANALYSIS: Turkey Exports Tonnage: Greater Than What Meets the Eye
The turkey export figures were quite a sight to behold throughout the month of February. At 36.4 million pounds, total outward tonnage rose on a year-over-year (YoY) basis for the ninth consecutive month in a row. The most recent data gave way to a notable 46% advance from 2023. This was enough to position February’s closing figure at the highest seasonal level observed since 2021.
Total export value also realized a 20% uptick from the previous year. Although month-over-month (MoM) volume retreated by 0.07%...
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