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FAS Manila forecasts beef imports to remain flat at 200,000 MT Carcass Weight Equivalent (CWE) in 2024 because of low demand for imported beef.
FAS/Tokyo forecasts Japan’s chicken production will rise in 2024 to meet strong demand led by tourist consumption in the foodservice sector. Increased chicken imports are needed to replenish depleted 2023 ending stocks.
Post forecasts a rebound in Korean poultry production for 2024, surmounting 2023 supply challenges to meet rising consumer demand for chicken meat.
FAS Bangkok estimates Thailand’s chicken meat production to marginally increase in 2023 amid a surge in exports, a slow recovery in the tourism sector and high feed costs.