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ECONOMY > Trade

Japan to slash butter import quota

  • September 26, 2020
  • , NHK WORLD , 4:54 a.m.
  • English Press

Japan’s agriculture ministry says it is reducing the country’s import quota of butter by 30 percent for the current fiscal year because of falling demand.

 

Officials have decided to set the figure at 14,000 tons for the year ending March.

 

They say the country’s butter stock swelled to 39,000 tons as of July. That’s up 41 percent from a year earlier, and its highest level in 20 years.

 

Demand from makers of souvenir sweets and other businesses has plunged in line with the drop in travel caused by the coronavirus pandemic.

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