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
National Sorghum Producers CEO Tim Lust said farmers face a challenging year with strong supply, murky trade conditions, and uncertain access to their largest market: China.
China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.
Keir Albert of Albert Acres Cattle Company joined us on Monday’s Market Day Report to share his journey into raising Texas Longhorn cattle and the reason behind his trip to Kenya.
Ag Secretary Brooke Rollins will travel to Europe and Asia to seek new trade partnerships for U.S. crops after China reduced imports due to tariffs.
“I don’t think we’re going to see cattle coming across the border at all because of that increase in their cases in Mexico.”
