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Japan Farm Production Set to Drop After Quake, Rabobank Says

Japanese output of agricultural products from pork to vegetables is set to drop after March’s earthquake and tsunami left the country’s farm and food industries in a “dire” situation, Rabobank International said.

Production will fall as much as 9 percent for beef and will decline 13 percent for pork, the bank said in a report today. Rice and poultry output each may slide as much as 11 percent, and production will drop for seafood, fruit, vegetables, milk and wheat, the report showed.