TOKYO, Feb 20 (News On Japan) –
The wholesale value of rice in Japan continues to climb, with the Ministry of Agriculture, Forestry, and Fisheries asserting on February nineteenth that the typical value for rice traded in January underneath the 2024 harvest reached 25,927 yen per 60 kilograms of brown rice.
This value, referred to as the ‘relative transaction value,’ represents the promoting value from assortment brokers, such because the JA Group, to wholesalers and serves as a key indicator of rice market developments.
Compared to the identical interval final 12 months, costs have surged by roughly 1.7 instances, setting document highs for 5 consecutive months since September.
With no indicators of decline, the impression of releasing authorities stockpiled rice stays a focus out there.
Source: TBS