24 Hrs
Source:
الاقتصادية
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Japan's Rice Shortage Turns to Surplus
In 2023, Japan began facing a severe rice shortage due to rising temperatures and drought caused by climate change, which led to a significant decrease in supply and a sharp increase in prices. The price of a bag jumped from 2,000 yen to 4,300 yen by 2025. As prices soared, restaurant consumption increased, and public panic intensified, prompting local farmers to intensify their cultivation efforts in pursuit of record profits. This resulted in an oversupply, reaching 2.43 million tons by mid-2026. The government responded to the surplus by purchasing large quantities of rice to restore market balance, while the Food and Agriculture Organization expects grain prices to continue rising until the end of 2026. Trade tensions with the United States further complicated the crisis. This situation exemplifies market volatility driven by climate change and trade policies, with future challenges in ensuring food security amid an aging farming population and land degradation.
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