Japan releases 200,000 tonnes of emergency rice stockpile as prices soar
Agriculture minister says rising prices have ‘had a significant impact on people’s lives’ amid record heat, surges in demand and distribution problems
Japan is to flood the market with almost a quarter of a million tonnes of stockpiled rice in an unprecedented attempt to arrest soaring prices caused by record summer heat, panic buying and distribution problems.
The government will release up to 210,000 tonnes of rice, the agriculture minister, Taku Eto, said on Friday, as consumers battled a surge in prices of more than 50% in recent months.
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