Published 3 days ago • loading... • Updated 11 hours ago

Japan auctions emergency rice reserves as prices soar

The Japanese government started an auction of emergency rice reserves to reduce rising prices, which have nearly doubled.
Rice prices have nearly doubled in a year due to shortages from poor harvests and panic-buying after a 'megaquake' warning.
The agriculture ministry plans to auction 150,000 tons, with results expected by Wednesday, and may release another 60,000 tons if needed.
Agriculture Minister Taku Eto stated, 'This is a highly irregular situation,' addressing the distribution issues affecting consumers.

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NRC Handelsblad

Japanese government dips into rice reserves to dampen prices

Rice Prices: Due to artificial scarcity, the price of a bag of rice in Japan has nearly doubled. The government is now auctioning off part of the national emergency reserve…

11 hours ago·Netherlands

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Bloomberg

The Mystery of How 230,000 Tons of Rice Went Missing in Japan

Record prices for rice are rippling through society

15 hours ago·United States

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Inquirer

+44 Reposted by 44 other sources

Japan auctions emergency rice reserves as prices soar

Tokyo, Japan — The Japanese government began a rare auction on Monday of its emergency rice stockpiles in a bid to help drive down the surging price of the national staple. Rice shortages driven by factors from poor harvests caused by hot weather to panic-buying over a “megaquake” warning last summer have caused prices to

2 days ago·Manila, Philippines

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NHK World

Tenders begin for government rice stockpiles; will releasing rice to the market lead to price stability?

[NHK] The first bidding for the government's stockpiled rice, which is being held to facilitate smooth distribution of rice, began on the 10th. Several companies, including JA Zennoh, are participating in the bidding...

2 days ago·Tokyo, Japan

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Le Parisien

"A very abnormal situation": why is Japan auctioning rice from its strategic reserves?

On Monday, the Japanese government launched a rare grain auction from its strategic rice reserves, set up to respond to emergency situations.

2 days ago·Paris, France

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La Libre

"This is a very abnormal situation": rice auctioned in Tokyo in the face of the price boom

The Japanese government began on Monday a rare auction of grain from its strategic rice reserves, formed to respond to emergencies, in order to counter the persistent surge in prices of this staple food in the country. ...

2 days ago·Brussels, Belgium

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