• About
  • Advertise
  • Privacy Policy
  • Terms Of Use
Thursday, June 12, 2025
No Result
View All Result
NEWSLETTER
Converseer
No Result
View All Result
Converseer
No Result
View All Result
Home News

Japan rice prices hit new high despite gov’t countermeasures

by Editorial Team
15 April 2025
in News

Japan’s rice prices rose to a record average of 4,214 yen per 5 kilograms, more than double the level a year earlier, the government said Monday, suggesting that recent stockpile releases have had limited effect in curbing the soaring costs.

The government has auctioned off roughly 212,000 tons of its rice stockpiles in two batches to help ensure smoother distribution, with some reaching store shelves in late March.

However, the average price of rice sold at supermarkets nationwide between March 31 and April 6 rose by 8 yen from the previous week, marking the 14th consecutive weekly increase and the highest level since data collection began in March 2022.

Calling the situation “extremely irregular,” farm minister Taku Eto called on rice wholesalers and retailers to make efforts to lower prices at a meeting held the same day, asking them to “understand the intentions and aims of the reserve rice sales.”

Auctions of rice stockpiles are set to continue, with Prime Minister Shigeru Ishiba instructing Eto on Wednesday to carry out monthly releases from April to around July. An additional 100,000 tons is scheduled to be auctioned later this month.

The spike in rice prices follows a poor harvest in the summer of 2023, as high temperatures reduced the amounts available for distribution the following year.

© KYODO

© Japan Today

Tags: World News
Next Post

Inside the excessive bank charges killing Nigerians

Latest News

  • Cocoa/Coffee: Cross River shifts from raw export to processing
  • Climate change hits women farmers hard in Cross River
  • Cross River Assembly suspends Bakwarra Council Chairman
  • Governor Otu signs 9 bills into law
  • Ayra Starr wins Best International Act at 2025 BET Awards
  • Access Bank refuses to remit customer’s $14,380 gratuity despite 2 court judgements in Calabar

Converseer gives deeper insights and reports into regional Politics, Metro, Sports, Health, Security, Tech, Economics, and Social dynamics. Our purpose is to bridge the information gap between the people and government in order to foster development in our society.

Social Media

  • Facebook
  • WhatsApp
  • X (Twitter)
  • YouTube

Pages

  • About
  • Advertise
  • Privacy Policy
  • About
  • Advertise
  • Privacy Policy
  • Terms Of Use

© 2025 Converseer - All Rights Reserved. Paradise Media Venture.

No Result
View All Result
  • About
  • Advertise
  • Privacy Policy
  • Terms Of Use

© 2025 Converseer - All Rights Reserved. Paradise Media Venture.