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Ishiba Seeks Probe on High Prices at First Rice Meeting

  • Starting in early June 2025, three leading convenience store brands in Japan began offering government-released stockpiled rice at select locations in Tokyo and Osaka in response to rising rice prices.
  • On May 26, the government began offering its stockpiled rice to major retailers in an effort to boost supply and contain the nationwide surge in rice prices.
  • FamilyMart, Lawson, and Seven-Eleven obtained stockpiled rice by partnering with small- to medium-sized distributors and are restricting purchases to a single package per person.
  • Prices for the rice range around 360 yen per kilogram before tax, with FamilyMart's 1-kg packages priced at 388 yen and average market prices above 4,200 yen per 5 kg bag.
  • The government expects this release of 200,000 tons of stockpiled rice to help lower retail prices, but challenges remain in reducing prices across all regions.
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[NHK] Sales of stockpiled rice purchased under discretionary contracts began at major convenience stores on the 5th. By starting sales at convenience stores with nationwide store networks, more...

·Tokyo, Japan
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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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Nikkei broke the news in Japan on Wednesday, June 4, 2025.
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