The U.S. Foreign Ag Service says Japan is increasing its tariff-rate quotas for butter this year ahead of expected higher holiday demand.
The FAS office says the country revised its allotments up 30 percent from January, while nonfat dry milk TRQs remain unchanged as production remains ahead of consumption.
Meanwhile, the agency also reports dairy production in Argentina will remain near 2021 levels because of abnormally warm, dry weather.
FAS says Argentina’s dairy industry has been impacted at the farm level with higher input prices as well as with exports because of the Russian-Ukrainian war. Argentina is a major butter and cheese exporter to Russia and purchases have decreased dramatically this year as the conflict continues.
