As the price of rice in Japan continues to rise, the country's largest rice buyer and wholesaler group, the Japan Agricultural Cooperative Union, drastically raised advance payments to buy autumn rice. The Japan Broadcasting Association said on the 7th that this is regarded as the price benchmark for the rice market. For ordinary Japanese consumers, this fall may usher in higher retail prices in the rice market. According to a report by Japan's Kyodo News Agency, the latest data released by Japan's Ministry of Agriculture, Forestry and Fisheries on May 7 shows that the price of rice in Japan reached a record high for 17 consecutive weeks. In the week ending April 27, the average price of a 5-kilogram bag of rice on the market was 4,233 yen, more than double that of the same period last year.

As the price of rice in Japan continues to rise, the country's largest rice buyer and wholesaler group, the Japan Agricultural Cooperative Union, drastically raised advance payments to buy autumn rice. The Japan Broadcasting Association said on the 7th that this is regarded as the price benchmark for the rice market. For ordinary Japanese consumers, this fall may usher in higher retail prices in the rice market. According to a report by Japan's Kyodo News Agency, the latest data released by Japan's Ministry of Agriculture, Forestry and Fisheries on May 7 shows that the price of rice in Japan reached a record high for 17 consecutive weeks. In the week ending April 27, the average price of a 5-kilogram bag of rice on the market was 4,233 yen, more than double that of the same period last year.