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Gov't instructs rice producers to be ready for supply adjustment
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The government has called on rice growers and wholesalers to make preparations to cut back supplies to the domestic market as part of measures to help stem possible sharp declines in rice prices against the backdrop of this year's bumper harvest, farm minister Mineichi Iwanaga said Friday.
As of Aug 15, Japan's regional rice harvest index for 2005 came to either "average" of between 99 and 101 or "fairly good" of between 102 and 105, against the base of 100 for an average year. The Agriculture, Forestry and Fisheries Ministry said it will officially ask producers and wholesalers to cut back on the rice supply plan.
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MGR Archive 18.9.2005 |
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Region |
Type |
Price |
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Russia |
Rapan |
$ 700 |
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USA |
Jupiter Rice |
$630 |
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USA |
Calrose #1 |
$830 |
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USA |
Calrose #1 Paddy |
$480 |
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EU Prices |
Baldo |
€660 |
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