Market Report, "Japan Agribusiness Report Q1 2014", Published
BMI View: Since announcing the scrapping of the four-decade long 'gentan' subsidy programme for rice farmers, we are increasingly optimistic that the shift from protecting the Japanese agriculture industry at all costs to a more open and competitive one is happening sooner than we had anticipated. In particular for the rice sector, this new policy should lead to more industry consolidation and reap economies of scale in the longer term. While this should invigorate the ailing industry, we still view...
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