08 May '25

Japan's Rice Prices Soar to New Heights Amid Supply Challenges

Government Efforts Fail to Curb Soaring Costs as Market Dynamics Shift.

Japan's rice prices have surged to unprecedented levels, reaching an average of 4,233 yen per 5 kilograms. This marks a significant increase, more than doubling the price observed just a year prior, according to recent government data. The sustained price hikes underscore the limited effectiveness of governmental efforts to stabilize the supply, despite the release of strategic stockpiles.

This marks the 17th consecutive weekly increase, prompting action from the highest levels of government. Prime Minister Shigeru Ishiba has directed a policy chief within the ruling Liberal Democratic Party to formulate measures aimed at mitigating the detrimental effects of escalating rice prices on consumers.

Data from the Ministry of Agriculture, Forestry and Fisheries revealed that the average rice price at supermarkets nationwide rose by 13 yen per 5 kg during the week ending April 27th, establishing a new record since the commencement of data collection in March 2022.

The tightening of rice supply is attributed to a confluence of factors. Last summer's elevated temperatures have negatively impacted yields, while a surge in inbound tourism has increased demand. In response to these challenges, the government has authorized the release of 312,000 tons of stockpiled rice in an effort to improve market distribution and alleviate pricing pressures.

Other Versions

Justice • 08 Apr '25

A life in Taiwan

Japan's Rice Prices Soar to New Heights Amid Supply Challenges

Government Efforts Fail to Curb Soaring Costs as Market Dynamics Shift.

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