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ECONOMY > Trade

Companies, agriculture experts voice doubts about Abe’s pledge to purchase U.S. corn

  • August 28, 2019
  • , Mainichi
  • JMH Summary

Mainichi wrote that some Japanese firms and agricultural specialists are perplexed by the GOJ explanation that Prime Minister Abe told President Trump that the Japanese private sector will import surplus corn from the U.S. in anticipation of a shortage of corn for animal feed due to insect damage to crops in western Japan. According to the paper, even the Agriculture Ministry has acknowledged that the damage is not very serious. Food importers are concerned that the planned purchase of 2.7 million tons of U.S. corn – the amount that Japan imports quarterly – would probably be too much for animal feed, projecting that some of it will have to be stockpiled and that will entail additional costs.  

 

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