Japan: Japan to Increase Butter and Decrease NFDM Imports in 2019
On January 30, Japan’s Ministry of Agriculture, Forestry and Fisheries announced its intent to import 20,000 metric tons (MT) of butter and 20,000 MT of non-fat dry milk (NFDM) in Japanese fiscal year 2019. This reflects a 7,000 MT increase in planned butter imports from the previous year as food processors ramp up demand for imports, but a 7,000 MT decrease in NFDM imports on weaker than expected demand and higher ending stocks.
Japan: Japan to Increase Butter and Decrease NFDM Imports in 2019