Key Facts
• Nationwide average rice price at supermarkets reached 4,155 yen from September 1–7.
• This marks a 264-yen increase from the previous week and a 13-week high.
• The Ministry of Agriculture attributes the rise to the introduction of higher-priced new rice.
• Rice production for 2025 is projected to exceed demand by 100,000–400,000 tons.
• Private rice stock levels are expected to recover significantly.
• The Ministry plans to release a one-year rice supply-demand outlook next week.
• Adjustments in the outlook aim to prevent price surges caused by forecasting errors.
Summary
The average price of rice sold at supermarkets across Japan has surpassed 4,000 yen for the first time in approximately three months, reaching 4,155 yen during the first week of September. This represents a 264-yen increase from the previous week. The Ministry of Agriculture attributes the price hike to the availability of higher-priced new rice. Looking ahead, the Ministry plans to release a one-year supply-demand outlook, projecting that rice production will exceed demand by 100,000 to 400,000 tons, with private stock levels expected to recover. To avoid price volatility, the Ministry intends to provide a more flexible forecast.
