TOKYO, Apr 15 (NNN-NHK) – Rice prices at Japan’s supermarkets have continued to rise, despite government’s move to release reserves to the market, according to the Ministry of Agriculture, Forestry and Fisheries, yesterday.
According to the data collected from around 1,000 supermarkets nationwide, average retail price for a 5-kg bag of rice between Mar 31 and Apr 6, came in at 4,214 yen (about 29.3 U.S. dollars), up eight yen from the previous week.
This marked the 14th consecutive week of increases, despite the fact that the government has begun releasing its emergency rice reserves for retail sale in late Mar.
The ministry noted that, the reserves had not yet reached store shelves in significant quantities during the survey period.
Compared to the same period last year, when average price was 2,068 yen, current rice prices have more than doubled.
Meanwhile, total rice sales volume rose 0.9 percent year-on-year, suggesting that consumer demand remains relatively steady amid higher prices.– NNN-NHK
