A survey of rice growers and wholesalers in Japan shows they expect prices of the staple to fall in the coming months. That's because freshly harvested grain will boost inventory levels.
The Rice Stable Supply Support Organization's three-month outlook index for October fell 18 points from a month earlier to 39 on a scale of zero to 100.
The figure is the lowest since June when the index plunged after the government sold rice released from its stockpiles through no-bid contracts to cap higher prices.
The survey gauged the views on demand, supply and prices of 180 rice businesses nationwide.
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