Japan's rice prices fall for first time since 2022

Rice prices in Japan have declined for the first time since November 2022, registering a 5.4% decrease in May compared to the same month of the previous year. This decline follows a wave of price increases during 2024 and 2025, driven by supply issues, extreme heat weather, and panic buying. The Japanese government has taken measures to stabilize prices by releasing emergency stockpiles. Despite this decrease, prices remain higher compared to previous years, and the worsening situation is attributed to factors such as drought, policies reducing agricultural land, and the aging of farmers.

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