Key Facts
• Japan’s Ministry of Agriculture expedited rice imports under the Minimum Access program.
• Average price of 5 kg rice dropped to 3,000 yen, but premium rice stays above 4,000 yen.
• Imported rice includes California-grown varieties, meeting demand in the food service industry.
• Initial import volume is limited to 27,000 tons, with delivery expected in late September.
• Government aims to lower premium rice prices by increasing supply in supermarkets.
• Concerns arise among farmers and cooperatives over potential price drops for new rice.
• High rice prices remain a key issue ahead of the upcoming Senate election.
Summary
Japan’s Ministry of Agriculture has accelerated rice imports under the Minimum Access program to address high rice prices, a critical issue ahead of the Senate election. While the average price of 5 kg rice has dropped to 3,000 yen due to the release of reserve rice, premium rice prices remain above 4,000 yen. The government hopes to reduce these prices by increasing supermarket supply, as imported rice, including California-grown varieties, is redirected from food service use. However, the initial import volume of 27,000 tons is limited, and its impact on prices remains uncertain. Delivery is expected in late September, raising concerns among farmers and cooperatives about potential price declines for new rice. The issue underscores the broader challenge of managing food costs amid inflation.
