Japan supermarket rice prices drop to 5-month low


Rice prices at Japanese supermarkets have dropped for the sixth consecutive week, reaching a five-month low, according to the agriculture ministry’s latest survey. The average price of a 5-kg bag fell over 3 percent to 3,672 yen (about 25 dollars) as of June 29, driven largely by increased availability of cheaper rice from government stockpiles. Blended and stockpiled rice varieties saw a 4 percent decline. Despite the recent fall, prices remain about 63 percent higher than a year earlier, reflecting longer-term inflationary pressures.
The price of rice at supermarkets in Japan has fallen for a sixth straight week to a five-month low due to increased sales of cheaper grain from government stockpiles.
The agriculture ministry on Monday released its weekly survey of about 1,000 supermarkets nationwide for the period through June 29.
The average price of a 5-kilogram bag declined more than 3 percent from the previous week to 3,672 yen including tax, or about 25 dollars. But that is still about 63 percent higher than a year earlier.
The price of blended rice and other types including grain from government stockpiles fell 4 percent.
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Source : NHK World
