March 16, 2009
Global recession make Japan food, grains volatile
As the prospects of the US economy get gloomier, the Japanese economy is also dragged into recession, hence, the sagging demand for food and grains, reports the US Department of Agriculture.
Though the strengthened yen and a desire for cheaper food alternatives may well drive up imports, recent grain price situation has caused tremendous hardship for Japan's livestock producers, resulting in a notably accelerated contraction in some sectors like dairy.
However, the US Department of Agriculture reports that overall feed grain demand has remained robust and the government of Japan has capitalized on the volatile world food supply situation to aggressively promote self-sufficiency.
For more of the USDA report, please click here.
