Japan to Increase Butter Import Quota 1.5-Fold
Tokyo, Jan. 30 (Jiji Press)--Japan will increase the butter import quota 1.5-fold to 20,000 tons in fiscal 2019 to forestall supply shortages of home-use butter, the agriculture ministry said Wednesday.
The ministry decided on the increase after demand for business-use butter surged in fiscal 2018. The quota for the year ending in March this year stands at 13,000 tons.
Confectionary and bread makers are boosting the use of butter due to higher prices of alternative products such as margarine, according to the ministry.
Estimated butter consumption stands at 58,173 tons in April-December 2018, up 9.8 pct from a year before.
By contrast, butter inventory at the end of December last year is estimated at 20,110 tons, down 8.4 pct.
[Copyright The Jiji Press, Ltd.]