Japan Safeguard

Japan

Pork Safeguard To Trigger August 1 – Again

Japan’s Ministry of Agriculture (MAFF) today (July 29)announced that the government will implement the pork safeguard effective August 1 after accumulated tonnage of pork imports from all sources – at 316,755 metric tons (mt) for the first quarter of the fiscal year – had exceeded the trigger of 257,004 mt. As a result, the move will mean that the standard import price (the landed price after 4.3 percent tax is levied) will increase by nearly 25 percent from Y546.53/kg to Y681.08/kg. USMEF-Tokyo reports the industry has quietly accepted the announcement, as most users of imported pork anticipated the safeguard would be invoked for the fourth consecutive year.

Japan

Pork Safeguard To Trigger August 1 – Again

Japan’s Ministry of Agriculture (MAFF) today (July 29)announced that the government will implement the pork safeguard effective August 1 after accumulated tonnage of pork imports from all sources – at 316,755 metric tons (mt) for the first quarter of the fiscal year – had exceeded the trigger of 257,004 mt. As a result, the move will mean that the standard import price (the landed price after 4.3 percent tax is levied) will increase by nearly 25 percent from Y546.53/kg to Y681.08/kg. USMEF-Tokyo reports the industry has quietly accepted the announcement, as most users of imported pork anticipated the safeguard would be invoked for the fourth consecutive year.