TOKYO, May 28 (News On Japan) –
The Ministry of Agriculture, Forestry and Fisheries has quickly halted new functions for discretionary contracts to buy rice from authorities reserves, Agriculture Minister Koizumi introduced on May twenty seventh. The resolution comes after functions for 2022-harvest rice reached the quota restrict of 200,000 tons.
Koizumi stated that gross sales will resume on May thirtieth, however just for rice harvested in 2021. The new spherical of contracts shall be restricted to small-scale supermarkets and neighborhood rice retailers.
Retail costs are anticipated to fall to round 1,800 yen for five kilograms underneath this revised distribution plan.
Related: Nineteen Firms Apply for 90,000 Tons of Reserve Rice Under Direct Contracts
Source: TBS