Inventories of butter increased with the new corona To reduce import quota by 30% Ministry of Agriculture, Forestry and Fisheries September 25, 20:21
The Ministry of Agriculture, Forestry and Fisheries has decided to reduce the import quota for this year by 30% from the initial setting, as domestic butter inventories have expanded to the level for the first time in 20 years due to a decrease in demand due to the influence of the new coronavirus.
According to the Ministry of Agriculture, Forestry and Fisheries, domestic butter inventories were 39,000 tons as of July, an increase of 41% from the same period last year, and have risen to the level for the first time in 20 years.
The main reason for this is that the demand for commercial butter, which is used for souvenir confectionery due to self-restraint from travel and business trips, has dropped significantly.
In addition, milk and dairy products for school lunches and restaurants lost their place, and manufacturers switched production to long-lasting butter at the request of the government, which spurred an increase in inventories.
For this reason, the Ministry of Agriculture, Forestry and Fisheries has decided to reduce the import quota for butter this year to 14,000 tons, a 30% reduction from the initial setting.
Three years ago, we started a method of reviewing the initially decided setting in the middle of the fiscal year in response to a series of shortages of butter imports, but this is the first time we have reduced it.
The Ministry of Agriculture, Forestry and Fisheries says, "We are approaching a time when demand will increase, such as Christmas and Valentine's Day, but we want you to rest assured that the supply is sufficient."