Japan is facing a rice shortage, which could cause prices to go up, leaving shelves empty.
Japan’s supplies are tight due to the government’s policy of paying farmers to grow less rice, combined with panic buying and a bad harvest last year.
Japan has released emergency reserves, but they are not hitting stores fast enough. The Ag Minister even resigned after making a comment about rice availability.
Some retailers are now turning to imports to fill the gap. Analysts say that as farmers age, Japan will need a long-term plan to fix its rice problem.
Related Stories
Mike Steenhoek with the Soy Transportation Coalition discusses supply chain disruptions, rising costs, and the potential impact on agriculture as farmers navigate ongoing global uncertainty.
Strong exports support ethanol margins and corn demand.
Export competition remains heavy despite solid trade.
Strong exports support cattle and hog market fundamentals.
Watch China’s demand signals for export direction.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.
Kansas State University agricultural economist Dr. Gregg Ibendahl discusses rising diesel prices, the influence of global oil markets, and the potential impact on farmers heading into the spring planting season.