Japan Rice Price Outlook Falls to 19 as Inventories Hit 2.23 Million Tons
Updated
Updated · Japan Today · Jul 6
Japan Rice Price Outlook Falls to 19 as Inventories Hit 2.23 Million Tons
3 articles · Updated · Japan Today · Jul 6
Summary
Japan’s June rice price outlook for the next three months fell 4 points to 19, matching the record low seen in August 2014 and staying below 50 for a ninth straight month.
Private-sector inventories reached 2.23 million tons at the end of May, up 51% from a year earlier, while discount sales reinforced expectations that prices will keep falling.
The supply-demand index edged up 1 point to 20, still signaling easing market conditions; 58% of respondents cited domestic stock levels as the main factor behind their views.
Rice prices had surged above 4,000 yen per 5 kilograms after heat-hit harvests in 2024, but have been retreating since the government released stockpiled rice through retailers.