Rice at 3,156 yen per 5 kg, private inventories at record high at end of July

Jiji Press··JP·Read original
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Summary · why it matters

On August 28, the Ministry of Agriculture, Forestry and Fisheries announced that private rice inventories reached a record high as of the end of July. The average retail price at supermarkets and other stores was 3,156 yen per 5 kilograms, remaining at elevated levels. The government plans to stabilize prices by releasing rice from its reserves, but prices have continued to stay high despite the increase in inventories.

Impact on assets 1

Others▼ · 1 stocks
⛏Rough Rice Futures
RICE
▼ NegativeSupplyrelevance

Record high private inventories and government reserve releases increase supply, pressuring rice futures prices.

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