Japan Cuts Food-Rice Output Target Next Year as Demand Drops
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Japan cut its production target for food rice by 0.3 percent next year from 7.93 million tons in 2012 as domestic demand declines, the agriculture ministry said.
The volume matches the consumption forecast at 7.91 million tons for the 12 months through June 2014, the lowest level in at least 18 years, the ministry said in a report today.