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The agriculture ministry will survey about 70,000 rice-related businesses across Japan to determine the status of their sales and inventory, Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi said Tuesday. The survey will be the first conducted under the staple food law since rice distribution was substantially liberalized in 2004. The ministry’s aim is to determine

Rice prices in Japan have doubled since last year partly due to supply shortages that began last year, triggering a national crisis that has caught policymakers and consumers off-guard. Rice is considered an almost sacred commodity in Japan, deeply engrained in its culture, language and tradition. The market is largely shielded from imports through high levies, but home-grown rice is now so expensive that shipments from abroad are skyrocketing, notwithstanding the tariffs. The staple food has become a luxury item for many consumers, and responding to their pain is a top priority for policymakers ahead of key parliamentary elections in the coming weeks. WHEN DID IT ALL BEGIN? The crisis traces its genesis to the 2023 harvest. An extreme heatwave contributed to a sub-standard crop that yielded far less marketable rice. Producers and businesses downstream had caught on to this phenomenon by early 2024 and prepared for the impending shortage by buying up what was available. Adding ...

Rice dealers who resell grain from government emergency reserves face fines and prison terms, Japan's Agriculture Minister Shinjiro Koizumi said on June 13, The Asahi Shimbun reported. "We are taking maximum measures to prevent the potential risk of resale Resale of rice will lead to a further increase in rice prices, which is undesirable