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Export prices decreased 1-2 percent due to the further weakening of the Thai baht.

Post forecasts Japan’s 2023 chicken meat production rises marginally and overcomes surging production costs as strong demand for chicken is driven by recovery in the food service industry under a boost from returning international tourism.

FAS Bangkok forecasts that growth in chicken meat production and consumption will be 2-3 percent in 2022 and 2023. The anticipated slow recovery in domestic consumption and high production costs caused by supply disruption on feed grains and day-old chicks will keep the growth rate below the pre-pandemic average annual growth rate.

Japan’s Ministry of Agriculture, Forestry and Fisheries invites public comments on the proposed revision of the Japan Agricultural Standards (JAS) for soybean milk products. Comments must be submitted in Japanese by October 8, 2022.

FAS/Tokyo projects 2023 cattle stocks to expand to 3.995 million metric tons (MT) following increased production in 2021 and 2022. In the dairy sector, cow slaughter continues to increase in 2022 to adjust for excess capacity and overproduction of milk. FAS/Tokyo forecasts 2023 beef production to remain flat from 2022 at 490,000 MT.

FAS Tokyo estimates MY2022/23 wheat and rice production in Japan to decrease from last year's bumper crop due to poor weather conditions in major production regions. Due to favorable weather, Post estimates the MY2022/23 barley crop to increase from MY2021/22.

Demand for Thai rice pushes export prices higher despite the weakening of the Thai baht.

Japan held the first public meeting of the expert committee to update Japan’s biofuel target. Japan’s current on-road biofuel target expires in March 2023.

On September 9, the Government of Japan (GOJ) announced a 3.5 billion yen ($24.3 million) relief package to alleviate rising food and energy costs, funded through the Japanese Fiscal Year (JFY) 2022 reserve fund.

Japan’s Ministry of Agriculture, Forestry and Fisheries invites public comments on revised Japan Agricultural Standards for glued laminated timber (glulam) and plywood through October 8, 2022. Comments must be submitted in Japanese.

Rice export prices trend upward due to strong demand from foreign buyers.

Rice export prices increased one percent, driven by new inquiries amid the weakening of the Thai Baht.