Rice Prices Rise for 15th Straight Week, with Releases of Stockpiled Rice Slow to Circulate

Rice Prices Rise for 15th Straight Week, with Releases of Stockpiled Rice Slow to Circulate

Five kilograms of rice went for an average of ¥4,217 at supermarkets from April 7-13, up by ¥3 from the previous week, the agriculture ministry said Monday. It was the 15th consecutive week prices rose, and the average price remained at double the level of the same period last year, or ¥2,078.

Japan is experiencing a rice shortage. The price of white rice has been rising for 15 consecutive weeks, with the price rising by 92% in the past year. According to comprehensive media reports, Japan urgently imported foreign rice. Taiwanese rice became a hot commodity and was sold out. In addition, they imported rice from South Korea for the first time in more than 25 years. Many restaurants switched to American rice to cope with the emergency.

Japan starts 3rd rice reserve auction to stabilise prices - QUICK NEWS AFRICA

Tokyo, April 23, 2025 (Xinhua/NAN) Japan’s Ministry of Agriculture, Forestry, and Fisheries on Wednesday began the third auction of government-held ri