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
India trade tensions may affect the U.S. export outlook.
USDA Leaves U.S. Grain Stocks Unchanged, Projects Mixed Livestock Fundamentals in March WASDE Report
USDA’s March WASDE report leaves U.S. corn, soybean and wheat ending stocks unchanged while adjusting global production estimates for South America.
Tariff revenues rarely flow directly back to farmers.
Partnership with U.S. Army Corps of Engineers Ensures Engineering Excellence and Operational Effectiveness
Surging energy markets are quickly becoming a cost story for U.S. agriculture as crude oil climbs on supply fears tied to the Middle East conflict.
Fertilizer investigation may impact input costs and margins.