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Japan Releases Emergency Rice Reserves to Curb Soaring Prices

The Japanese government will release up to 210,000 tons of stockpiled rice to address soaring prices, as announced by Agriculture Minister Taku Eto.
This release will mainly consist of rice from last year's harvest and is expected to occur in mid-March to ensure smooth distribution in the market.
The latest average retail price for rice has surged to 3,688 yen, an increase from 2,023 yen last year, according to a government survey.
This action marks the first time emergency rice reserves have been released due to distribution disruptions, as previous releases were only for crop failures or disasters.

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NZ Herald

Japan lifts rice supply to combat high prices

The Japanese Government said on Friday it will release a fifth of its emergency rice stockpile after hot weather, poor harvests and panic-buying over a...

7 days ago·Auckland, New Zealand

Japan to release emergency rice reserves to fight runaway inflation

The Japanese government said Friday it will release a fifth of its emergency rice stockpile after hot weather, poor harvests and panic buying over a "megaquake" warning nearly doubled prices

8 days ago·France

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Mainichi Shimbun

Editorial: Releasing rice reserves alone cannot secure Japan's staple food

If speculative movements are driving up rice prices, government intervention may become necessary. However, if the response is limited to symptomatic

8 days ago·Chiyoda, Japan

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UPI

Japan releases 210,000 tons of government rice from reserves

Japan's government said Friday it will release up to 210,000 tons of rice from its stockpile in an effort to stabilize the supply in the market and counter-act rapidly rising rice prices.

8 days ago·Washington, United States

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Liberation

Japan Opens Strategic Rice Reserves to Stop Prices · Global Voices

After poor harvests in 2023, the price of rice jumped in the summer of 2024 by passing, for a bag of five kilos, from about 13 euros to 23 euros. In reaction, the Japanese Ministry of Agriculture opened the door, on Friday 14 February, to the sale of more than 200,000 tons of rice from its national reserves, previously constituted in the event of a disaster.

8 days ago·Paris, France

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Kyodo News+

Japan to release 210,000 tons from rice reserves amid surging prices

The government will release up to 210,000 tons of its stockpiled rice, farm minister Taku Eto said Friday, in a bid to ensure smooth distribution of the Japanese staple amid soaring prices due in part to higher demand. Calling the recent hike in rice prices unusual, Eto said at a press conference after a Cabinet meeting that he hopes the first-ever release aimed at stabilizing supply will "bring the market back to normal." Read full story here

8 days ago·Japan

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