- 14 Mar 2002
- 21,050
- 18,903
The farm ministry reported a 20% decline in private-sector rice inventory to 1.56 million tons in June, the lowest since record-keeping began in 1999. A combination of soaring tourism, last year's heat-damaged crop, and continued high temperatures this summer has exacerbated the shortage. Despite a declining population, domestic rice demand unexpectedly rose 110,000 tons in the first six months of the year, marking a decade-long trend reversal. This surge is partly attributed to rice prices increasing slower than bread or noodles.
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Japan has seen an influx of tourists with the removal of COVID-19 travel restrictions and a weak yen, and eating Japanese food was a top priority for them, according to a 2023 report on foreign visitors to Japan by the Japan Tourism Agency. For the rice produced in 2023, the average price when producer cooperatives sold it to wholesalers climbed to 15,865 yen ($102) per 60 kilograms in June, the highest in about 11 years. The ministry insisted, however, that the supply-demand balance is "not in a crunch," saying that the distribution of rice produced in 2024 has not yet fully ramped up. The government projects that rice inventory will dip to 1.52 million tons by June next year, and domestic demand will decrease to 6.73 million tons through the same month.
Japan's rice inventory hits record low as tourism boom boosts demand
Japan's rice inventory in the private sector dropped to 1.56 million tons in June, the lowest since comparable data began in 1999 and a decrease of about 20 percent from a year ago, the farm ministry said Tuesday, with surging inbound tourism driving up demand and last year's summer heat...
Japan’s rice stocks drop to lowest level in decades amid tourist boom and poor crop yields
Japan’s agriculture ministry blames shortage on tourists’ vast demand for rice and low crop yields last year