2020.09.28
MAFF Lowers Planned Butter Imports by 30 Percent
On September 25, the Ministry of Agriculture, Forestry, and Fisheries (MAFF) announced that it would lower planned imports of butter to 14,000 metric tons (MT) for Japanese fiscal year (JFY) 2020, reflecting a 30 percent decrease from the previously announced volume of 20,000 MT. This is the first time that MAFF has lowered the butter quota midyear since JFY 2015. The reduction reflects concern over Japan’s growing butter stocks.