Japan’s Rice Prices Drop Below ¥3,000 for First Time in Two Years
Rice prices in Japan have fallen below 3,000 yen for the first time in two years due to increased supply from government reserves and a successful 2025 harvest. While prices remain higher than pre-shortage levels, the decline provides relief to consumers following the 2024 supply crisis.
Why it matters
Food price stability is a critical economic indicator for Japan, reflecting the success of government intervention in agricultural supply chains.
Japan's Ministry of Agriculture, Forestry, and Fisheries announced that the average price per 5-kilogram bag of rice sold from September 7 to 13 was 2,971, down 32 from the previous week. The figure is calculated based on information for 1,000 supermarkets nationwide from the data provider KSP-SP. This is the first time this figure has fallen below 3,000 since early September 2024. Prices for brand-name rice, which accounts for 85% of total sales, also dropped below 3,000, falling 35 to 2,988. Blended rice fell 34 to 2,866.
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