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Japan's rice stockpile falls to lowest level in this century

China

China

China

Japan's rice stockpile falls to lowest level in this century

2024-08-14 17:34 Last Updated At:21:07

Japan's rice stockpile has dropped to its lowest level in this century due to a prolonged heatwave in 2023 and rising domestic demand, causing concerns among residents about high prices.

The record-breaking heatwave and low rainfall in 2023 have stunted the growth of crops, including fruits, vegetables, and rice. This has led to reduced shipments and sharp price increases this year.

In Tokyo, Hidehisa Shinohara, a rice store owner, reported that he has never seen such low stockpiles.

"My store now has less than half the stock compared to normal years. Everything is less than half. Many varieties of rice that are typically available are not this year," said Shinohara.

As a result, the cost of rice has surged. The latest figures from the Agriculture Ministry indicate that rice prices have risen by 12 percent from the same period last year, placing additional strain on household finances.

Many consumers are visiting different stores in search of more affordable options.

"Rice is in shortage, and I see many people looking for cheaper alternatives in supermarkets around here," said a local resident.

"I usually buy four to five kilos of rice. When it was cheaper, five kilos cost about 1,400 yen (about 9.51 U.S. dollars), but now four kilos cost over 2,000 yen (about 13.6 U.S. dollars). It's a significant burden," said another resident.

While a new harvest is expected to go on market from late August, businesses say prices are likely to remain high.

The Ministry of Agriculture attributes the shortage to increased demand from the food service industry, which is still recovering from the impact of the COVID-19 pandemic. Additionally, there is heightened demand from record numbers of inbound tourists who are eager to enjoy Japanese food.

"I think prices will stay elevated due to increased production costs. Farmers have indicated that they cannot make ends meet with last year's price range. We expect more shortages over the next couple of years and need to maintain higher costs to ensure stable shipments," said Hidehisa.

Japanese consumers worry that if the situation persists, it may become difficult for households to enjoy affordable, high-quality rice.

Japan's rice stockpile falls to lowest level in this century

Japan's rice stockpile falls to lowest level in this century

Japan's rice stockpile falls to lowest level in this century

Japan's rice stockpile falls to lowest level in this century

Iran's Parliament Speaker Mohammad Baqer Qalibaf said on Tuesday that the United States has no other alternative but to accept the Iranian people's rights.

He made the remarks in a post on social media X, after U.S. President Donald Trump on Monday dismissed Iran's response to a U.S. peace proposal and warned that the ceasefire between the two countries is "on massive life support."

Qalibaf said in the post that there is no alternative but to accept the rights of the Iranian people as laid out in the (Iran-proposed) 14-point proposal and warned that "any other approach will be completely inconclusive; nothing but one failure after another."

"The longer they drag their feet, the more American taxpayers will pay for it," he added.

Trump on Monday slammed Iran's latest response to the White House peace plan, which he rejected one day earlier, calling it "totally unacceptable," stressing that any peace deal between Washington and Tehran would require Iran to pledge to stop pursuing a nuclear program.

Iran has not publicly agreed to give up its enriched uranium, insisting that its nuclear program is peaceful.

On the same day, several U.S. media outlets, citing internal government sources, reported that due to the lack of progress in negotiations, the U.S. is now "more seriously considering" resuming military action against Iran compared to previous weeks.

Iran, the United States and Israel reached a ceasefire on April 8 after 40 days of fighting that began after U.S.-Israeli joint attacks on Tehran and other Iranian cities on Feb 28.

Following the truce, Iranian and U.S. delegations held one round of peace talks in the Pakistani capital Islamabad on April 11 and 12, which failed to yield an agreement.

Over the past weeks, the two sides have reportedly exchanged several proposed plans outlining conditions for ending the conflict through the mediation of Pakistan.

Iranian parliament speaker says US must accept its people's rights

Iranian parliament speaker says US must accept its people's rights

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