More than 30 companies have applied to purchase over half of the 300,000 tons of stockpiled rice Japan plans to release through direct sales contracts with major retailers
The Japanese government's announcement that it would sell 300,000 metric tons of rice directly to major retailers to curb soaring prices has been met with a swift response
NATIONAL Food Authority administrator Larry Lacson said they are proposing a P27-billion budget for 2026 to fully fund their rice buffer stock for 15 days in line with the agency’s mandate to ensure national food security.
Many of Japan's rice farmers are changing how they do business in a bid to satisfy domestic demand amid historically high prices. That's leading producers to turn their focus away from exports and animal feed to find ways to sell more of their harvest at home.
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