March 13, 2025 | 07:21 GMT +7
Hotline: 0913.378.918
March 13, 2025 | 07:21 GMT +7
Hotline: 0913.378.918
The sharp rise reflects higher production costs as well as stronger market demand following a shortage.
Japan's Agriculture Ministry says prices for all varieties of new rice sold by farming cooperatives to wholesalers averaged 22,700 yen, or 150 dollars, for 60 kilograms, marking a 48-percent rise.
The figure was also the highest on record for September since the ministry began surveying rice prices in 2006.
The year's crop begins appearing in stores in Japan from around September.
The ministry attributes the steep price rise to increased payments by agricultural cooperatives to farmers to cover higher production costs, including fertilizer prices.
Intensifying competition among customers due to a crop shortage also contributed to the higher payments.
(NHK)
(VAN) Coffee prices on March 12, 2025, have rise in global markets. Domestic coffee prices have surged by VND 1,500, reaching VND 132,000 - VND 133,000/kg.
(VAN) Pepper prices on March 12, 2025, showed mixed movements. Domestic pepper prices dropped by an additional VND 500-800, trading at VND 157,000 - 158,500/kg.
(VAN) Pepper prices on March 11, 2025, saw little fluctuation in the global market. Domestic pepper prices dropped sharply by nearly VND 3,000.
(VAN) Coffee prices on March 11, 2025, saw slight fluctuations globally. Domestic coffee prices increased by VND 300-500, trading at VND 130,300 - 131,500/kg.
(VAN) Coffee prices on March 10, 2025, remains unchanged in global markets. Currently, domestic coffee is trading around VND 129,000 - 129,800/kg.
(VAN) Pepper prices on March 10, 2025, remain unchanged in both domestic and global markets. Domestic pepper is trading around VND 159,000 - 162,000/kg.
(VAN) Higher sugar, dairy, and vegetable oil prices drive the overall increase.
