Japan Plans to Sell Rice from Emergency Stockpiles to Cut Prices
This article is for subscribers only.
Japan plans to release some of its rice stockpiles reserved for emergency use in response to record domestic prices for the grain.
The government will discuss selling part of its strategic rice reserve next week, the Minister of Agriculture Taku Eto said in a presser on Friday. The rice price in Japan is up 60% year-on-year as of last month, according to Bloomberg’s calculation using wholesalers’ price data compiled by the ministry.