AreaJapan
Commodity GroupMilk and dairy products
CommodityDairy products
Date30/07/2021
Policy CategoryProduction
Policy InstrumentGovernment support
DescriptionAnnounced the Milk for Further Processing Stabilization Program (Narashi program), which triggers subsidies for eligible milk traded during the Japanese fiscal year 2020 (AprilMarch). The Government activated the programme in 14 years and targets subsidizing 3.2 million tonnes at USD 0.007 per kg from 1 September 2021. The aim is to cover the price differential between fresh milk and milk for further processing, which arose when demand fell due to the closure of schools and restaurants during the COVID-19 pandemic.
