14:44 | 01.02.2012
Research and Markets: Japan Agribusiness Report Q1 2012

Research and Markets (
has announced the addition of the “Japan
Agribusiness Report Q1 2012” report to their offering.

BMI believes that Japan’s commitment to rising imports of grains is
demonstrated in recently revealed plans to expand the Kushiro Port in
Hokkaido. Kushiro is the largest port facility in the heart of Japan’s
major dairy producing area, and increasing the port’s grain-handling
capacity seals the country as a strong and stable buyer of grains for
the foreseeable future. This development also reinforces the increasing
likelihood of Japan’s participation in the Trans-Pacific Partnership as
it prepares to improve trade infrastructure.
Key Forecasts:
Corn consumption growth to 2016: 2.9% to 16.0mn tonnes. The animal
feed sector will be the main driver of growth in the coming year, and
we expect the country to remain a top five importer of the grain.

Poultry consumption growth to 2016: 8.2% to 2.2mn tonnes. We expect
growth in consumption to be marginal as the population expands equally

Rice production growth to 2015/16: -11.8% to 7.2mn tonnes. We do not
believe the government will be able to reverse the long-term decline.

2012 real GDP growth: 1.8% (up from -0.3% in 2011, forecast to average
1.1% out to 2016).

2012 consumer price inflation: 0.4% average (up from 0.2% average in
2011, forecast to average 1.1% to 2016).
Industry Developments:
Livestock production and consumption growth is expected to be limited
in 2011/12 and BMI has adjusted its forecasts in light of this view.
For pork production, BMI has lowered its projection from 1.31mn tonnes
to 1.28mn tonnes. Its consumption forecast has also been reduced, from
2.59mn tonnes to 2.49mn tonnes. Beef production has also been bumped
down to 500,000 tonnes. As a result, poultry production is expected to
be the livestock outperformer in 2011/12.

Read more inside Japan
Agribusiness Report Q1 2012

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