Japan Average Rice Price Falls for 4th Straight Week
In Japan, the average rice price at around 1,000 supermarkets fell 63 yen to 4,142 yen per 5 kg, marking the fourth consecutive weekly decline. The drop is attributed to increased sales of blended rice, including government-stockpiled rice, which reached 29% of sales, while brand rice share fell to 71%.
Tokyo, Oct. 18 (Jiji Press)–The average price of rice sold at some 1,000 supermarkets across Japan in the week through Sunday dropped 63 yen from the previous week to 4,142 yen per 5 kilograms, the agriculture ministry has said.
The average was down for the fourth straight week, but it remained above 4,000 yen for the sixth week in a row.
Ahead of the release of the latest average price on Friday, agriculture minister Shinjiro Koizumi told a press conference, “We’re concerned that persistently high prices may lead consumers to increasingly turn away from rice.”
The average price was pushed down by a higher sales share of blended rice, including government-stockpiled rice, which rose 4 percentage points from the previous week to 29 pct. The average price of blended rice was 3,419 yen in the week to Sunday, down 171 yen from the previous week.
The sales share of brand rice, such as newly harvested rice, fell from 75 pct to 71 pct.
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Source : Nippon.com
