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
Strong ethanol exports support long-term growth in corn demand.
Workshops give international bakers hands-on training with U.S. wheat products
As budget hearings continue on Capitol Hill, policymakers focus on long-term solutions to stabilize the fertilizer market to support U.S. farmers.
Rising global supplies may cap soybean price strength, while sorghum prices hinge heavily on China’s export demand.
Weak soybean sales and soft wheat demand contrast with solid corn export strength.