Japan is expected to impose pork safeguards again, according to the latest Livestock, Dairy and Poultry Outlook from the US Department of Agriculture.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The safeguard is restriction on imports that protects domestic markets, and is sanctioned by the World Trade Organisation. The safeguard, according to the US, lifts the minimum price at which pork can be imported into Japan by 25%, giving domestic product the edge.
“In the likely event that the Safeguard is triggered, the resulting higher minimum import price will remain in place until 31 March, 2003,” says USDA. “While Safeguard imposition in Japan usually brings about a falloff in demand for all imported pork, frozen products tend to decrease the most. Given larger associated margins and limited shelf life, demand for imported fresh pork has not declined as dramatically as for frozen pork under past Safeguard scenarios.”
