Bird flu in Brazil triggers Japan import ban, raising fears over chicken supply and rising food costs

AI Summary

Japan has banned poultry imports from Montenegro, Brazil, and live poultry from Rio Grande do Sul following Brazil's first confirmed bird flu outbreak. This ban impacts Japan, a major importer of Brazilian chicken, potentially affecting its meat market and rising food prices. Brazil is the world's largest chicken exporter, and the outbreak has triggered trade restrictions from other major importers like China. Japan's poultry self-sufficiency rate is around 65%, and it imported nearly 70% of its poultry meat from Brazil in the last fiscal year.