TOKYO (Bernama-Kyodo): The average price of rice in Japan fell below 4,000 yen (US$27) per five kilograms (kg) for the first time in around three and a half months to 3,920 yen, the government said on Monday, with increased distribution of stockpiles likely helping to drive down prices.
According to Kyodo News Agency, during the seven days through June 15, the average price of rice sold at supermarkets across the nation fell by 256 yen per five kg from the previous week, dropping to the 3,000 yen range for the first time since the week ended March 2, according to the Ministry of Agriculture, Forestry and Fisheries.
