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Japan’s farm minister resigns over rice gaffe, as stubbornly high prices threaten government’s grip on power

By Chris Lau, Mai Takiguchi and Soyon Nishioka, CNN Tokyo CNN — An off-the-cuff remark about never paying for rice has cost Japan’s agriculture minister his job, as pressure mounts on the government to solve the nation’s rice crisis. Taku Eto resigned on Wednesday, telling reporters that he had concluded he was “not the right […]

Japan Taps Emergency Rice Reserves Amid Soaring Prices and Public Discontent

The Ministry of Agriculture, Forestry and Fisheries said in a statement that the rice release would “stabilize supply and alleviate pressure on household budgets” The Japanese government has announced the release of 300,000 tonnes of rice from its emergency reserves in a dramatic bid to curb surging prices and calm growing public frustration over the […]

Japan to release more rice from stockpiles to tackle shortage and rein in prices

Reuters TOKYO: Japan said on Friday it would release another 300,000 metric tons of rice from its emergency stockpile through July and tweak its purchasing policy to counter a shortage and rein in sky-high prices. Retail prices for Japan’s staple grain are about double what they were a year ago after extreme heat hit crops […]

Japanese consumers turn to rice alternatives in price surge

Soaring rice prices and increased consumer frugality are driving changes in dining habits of Japanese, including adding glutinous barley to rice and switching from rice to alternatives like bread and pasta. There have also been moves to introduce foreign-grown rice, though it was unpopular at the time of the 1993 rice shortage. Lawson introduced new […]

Japan weighs doubling stockpiled rice release to rein in price surge

KYODO NEWS. TOKYO- The Japanese government is considering roughly doubling the supply of stockpiled rice to make up for the shortfall as rice prices remain at near record highs, sources close to the matter said Thursday. The government is studying releasing 100,000 tons of reserve rice per month for three months through July, in addition […]

Philippine government resumes P20/kilo rice project in Cebu.

By: Jordeene B. Lagare. MANILA, Philippines — The National Food Authority (NFA) has started delivering well-milled rice to Cebu province in preparation for the resumption of the government’s sale of P20 per kilogram rice project through the Department of Agriculture (DA). In a statement on Tuesday, the NFA said it is currently unloading 35,000 bags […]

Asia Rice – India rates slide to near two-year low on weak rupee, lower demand; Vietnam prices edging higher

Source: The Star Indian rice export prices dropped to a near two-year low this week, weighed down by weaker demand and depreciation in the rupee, while Thai rates rose to a more than two-month peak. India’s 5% broken parboiled variety was quoted at $384-$391 per metric ton, down from the last week’s $390-$397. Indian 5% […]