Source: OleoScope Japan is considering boosting imports of soybeans and rice as a trade concession in talks with the United States over President Donald Trump’s massive tariffs, Reuters reports. As Trump’s trade aggression has roiled markets and fueled fears of a recession, Japan is seeking to roll back “retaliatory” tariffs and other duties imposed on […]
Yoshifumi Fukuzawa. Japan’s rice shortage lays bare a deeper truth: when wrongdoing goes unchallenged, those in power are protected while ordinary people pay the price. Recently, rice, the staple food of the Japanese people, disappeared from the shelves of Japanese grocery stores and supermarkets. Many people, as well as restaurants, were in trouble because they […]
The Japanese government on April 9 announced that it would release another 100,000 tons of stockpiled rice onto the market — the third such move to combat the recent surge in prices of the staple. Further releases are planned monthly through July. The sharp rise in prices has dealt a blow to our daily lives, […]
By Hyonhee Shin /Bloomberg Surging rice prices in Japan have opened a rare window of opportunity for South Korean producers to export the staple food to the country. Japan imported South Korean rice for the first time since 1999 this month as soaring prices of domestic grain fueled demand for foreign products despite heavy tariffs, […]
By Toru Fujioka / Bloomberg Consumer inflation picked up last month, bolstered in part by surging rice prices, supporting the central bank’s stance on a gradual rate hike path before U.S. tariff measures clouded the economic outlook. Consumer prices, excluding fresh food, rose 3.2% from a year ago in March, accelerating from a 3% increase […]
While Japan’s government maintains high tariffs to protect domestic farmers, the 1,00,000-tonne quota for tariff-free rice imports has already been met for the first time in seven years, with additional taxed imports also climbing. By Reuters When a severe rice shortage sent prices skyrocketing in Japan last year, Tokyo restaurant owner Arata Hirano did what […]
By : Joseph Chibueze, Abuja The Federal Government has reaffirmed its commitment to enhancing food sovereignty and improving the livelihood of smallholder farmers across the country. The Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, reiterated this during a high-level meeting with the Japan International Cooperation Agency (JICA) Nigeria Office Delegation in Abuja yesterday. […]
Despite government efforts, rice prices remain high while the Yen fluctuates in exchange markets. Tokyo, April 16 – Rice prices across Japan continue to soar despite government efforts to stabilize the market by releasing approximately 210,000 tons of rice from stockpiles last month. The Ministry of Agriculture’s move aims to lower prices, but it may […]
TOKYO– Japan’s rice prices rose to a record average of 4,214 yen per 5 kilograms, more than double the level a year earlier, the government said Monday, suggesting that recent stockpile releases have had limited effect in curbing the soaring costs. The government has auctioned off roughly 212,000 tons of its rice stockpiles in two […]
By Xinhua. TOKYO – Rice prices at Japan’s supermarkets have continued to rise despite government’s move to release reserves to the market, according to the Ministry of Agriculture, Forestry and Fisheries Monday. According to the data collected from around 1,000 supermarkets nationwide, average retail price for a 5-kg bag of rice between March 31 and […]
