As demand for rice for main food declines, the Ministry of Agriculture, Forestry and Fisheries expects that next year's production will need to be reduced by more than 200,000 tons more than it was affected by the new corona. I summarized it.
At a meeting of the council on the 19th, the Ministry of Agriculture, Forestry and Fisheries gave a future outlook on the demand and production of rice for main food.
According to this, the total demand for rice for one year until June next year was 7.02 million tons to 7.06 million tons, and the demand for eating out was sluggish due to the influence of the new coronavirus. It is expected to be about the same level as 7.04 million tons per year.
This is because demand is expected to pick up due to the recent decline in rice prices, but the downward trend in demand is not expected to change due to the declining population.
Under these circumstances, the stock of rice in the private sector is expected to continue to be excessive, so the Ministry of Agriculture, Forestry and Fisheries will increase the total production of rice next year to 6.75 million tons, which is more than 200,000 tons. , It is expected that it will be necessary to reduce it.
The Ministry of Agriculture, Forestry and Fisheries has decided to further encourage producers to switch to wheat, soybeans, and rice for export in order to reduce rice production, and plans to include necessary expenses in this year's supplementary budget. ..