Japan: Poultry and Products Annual

Japan’s 2016 broiler meat production, consumption and importation are on pace to break record highs established in 2015. Increased domestic production and imports of raw broiler meat in the first half have outpaced modest consumption growth, driving significant accumulation of broiler meat stocks. With ample broiler meat supply available and stiff competition from equally ample pork supplies, Post projects Japan’s broiler imports to taper in the second half of 2016. Domestic producers have shown no indications of moderating current high levels of production, as lower feed costs are keeping domestic producers’ profit margins positive in 2016, despite mounting downward pressure on prices. Post expects Japanese consumption and production to remain high in 2017; import levels should moderate as industry unwinds sizeable year-beginning broiler meat stocks.

Japan: Poultry and Products Annual