Sunday, April 10, 2011

Japan pork production may drop 13%

Japanese output of pork is set to drop 13% after March’s earthquake and tsunami left the country’s farm and food industries in a “dire” situation, according to Rabobank International.
The decline in production will lead to increased imports of pork as well as other products affected by the disaster, said analyst Jean-Yves Chow. “Perishable products, such as meat, seafood, fruits and vegetables, will likely require additional imports," said Chow.
Other markets expected to take a significant hit in production are poultry (production down 11%), beef (9%) and rice (11%).

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