Rising opportunities with the rising sun ๐
May 18, 2023๐บ๐ฒ๐ฏ๐ต Researchers with the USDA Economic Research Service are forecasting that the US exports of pork to Japan will have increase by 2028. Due to our trade agreements with the land of the rising sun, the expectation is an additional $281 million of American pork exports being shipped to the Asian country.
- This potential boost could result in lower domestic Japanese production, on one hand; and higher import volumes and thus, increased availability of lower-cost foreign pork for Japanese consumers, on the other hand.
๐ To better understand what the future holds, check this out.