TOKYO, Apr 06 (News On Japan) –
A survey of trade members signifies that rice costs are anticipated to say no over the subsequent three months, reflecting a continued bearish outlook throughout the sector.
The survey, carried out amongst organizations comprising rice producers and wholesalers, makes use of an index through which values nearer to 100 point out stronger expectations of value will increase.
In the March survey, the index for the three-month outlook stood at 27, remaining under the important thing threshold of fifty for a sixth consecutive month, suggesting that expectations of falling costs proceed to dominate.
Industry officers identified that rice inventories have been build up, whereas transactions between companies have additionally slowed.
According to the newest knowledge launched by the Ministry of Agriculture, Forestry and Fisheries, grocery store rice costs have additionally fallen for seven consecutive weeks, drawing consideration to how the market will evolve within the coming months.
Source: FNN