Japan Ends Rice Production Caps After Shortage Spurs Policy Shift
Japan’s government plans to abandon a decades-old practice of limiting rice output and will instead encourage farmers to expand cultivation, according to reports in Nikkei Asia. Agriculture minister Shigeru Ishiba is expected to outline the shift, which effectively tells growers to ignore the current de facto production cap. The move follows a domestic rice shortage earlier this year that highlighted declining stockpiles and raised food-security concerns. Officials believe higher planting volumes will stabilise supplies and damp price volatility for the nation’s key staple.
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Business Standard
While lower landed costs of basmati rice are welcome, traders feel it will be hard to entirely replace suppliers from Pakistan; meanwhile, marine and agricultural products are expected to see a bump. #Rice #BasmatiRice #Agriculture | @sanjeebm77 https://t.co/S3Con8PwHy
Bloomberg In a break from a decades-old policy, the Japanese government will encourage farmers to disregard a de facto cap on rice production and boost cultivation of the food staple https://t.co/oaoqEvAtut
Investing.com *JAPAN TO SHIFT RICE POLICY TO PRODUCTION BOOST FOCUS: NIKKEI 🇯🇵🇯🇵 https://t.co/PNj9rxmXDN
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