'There Would Be No America Without Rice': How a Single Grain Made Charleston Wealthy — and a Nation Possible | Read more at the link below ⬇️
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Key FactsJapan Acts Fast to Curb Rising Domestic Rice Costs
May 23, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- New Agriculture Minister Shinjiro Koizumi aims to quickly distribute government rice reserves at significantly lower prices to deter consumers from buying foreign brands.
- Rice prices have more than doubled compared to last year, driven by crop damage and increased tourism demand.
- Koizumi halted auction sales of emergency rice stockpiles, switching to direct contract sales to speed distribution.
- The government plans to release 100,000 tons monthly through July to ensure market supply and price stability.
The abnormal surge in prices that we're seeing now could accelerate the shift away from domestically produced rice in Japan.— Shinjiro Koizumi, Japan's new Agriculture Minister, during a press conference.
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