【News】 Japan’s domestic production value of agriculture and food related industries rises by 4.1 percent because of higher prices of livestock products in 2015 (April 11, 2017)


Domestic production value of agriculture and food related industries rose to 111.8479 trillion yen in 2015, 4.1 percent up over the previous year, the Ministry of Agriculture, Forestry and Fisheries (MAFF) announced.

The domestic production value in 2015 was the second largest one since 2001 in recent years.

The agricultural production value rose by 5 percent to 10.4009 trillion yen thanks to price hikes of livestock products, which pushed up the whole amount of the domestic production value.

More specifically, the value of livestock production reached to 3.5678 trillion yen, 7.1 percent up over the previous year, mainly because price of beef hiked in a tight market, which made a great contribution to the rise of the agricultural production value.

The value of vegetable production also increased by 6.7 percent to 2.3916 trillion yen with their price remarkably hiked in the weather-dependent market.

Rice price recovered in the 2015 market since the overproduction of rice was adjusted to recover its supply-demand balance, which made the rice production value rise by 4.1 percent to 1.5593 trillion yen.

However, a composition ratio of the agricultural production value in the domestic production value of agriculture and food related industries remained at the nine percent level since the year of 1997.

It is still a major challenge facing Japan’s agricultural industry how to expand its business activities into related industries by promoting so-called sixth-industrialization of agriculture.

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