Japanese Government Misjudges Rice Supply and Demand, Leading to Soaring Prices

金十2026/05/29 06:38

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Golden Ten Data reported on May 29 that the Japanese government approved the 2025 Agricultural White Paper on May 29. The paper indicates that the reasons behind the surge in Japanese rice prices include the government's underestimation of rice supply and demand, as well as the failure to release reserve rice in a timely manner. According to the White Paper, the government “believed rice production was sufficient and therefore did not actively collect information about market circulation, resulting in a sharp rise in rice prices.” The Japanese government had previously anticipated that rice demand would decrease alongside the country’s declining population. However, as national concerns over a potential major earthquake led to panic buying and stockpiling, along with poor harvests caused by high temperatures, rice prices began to soar in the summer of 2024. Data released by the Japanese government earlier this year showed that the price of Japanese rice products increased by as much as 67.5% last year, marking the highest growth since comparable data became available in 1971; the average price of a 5-kilogram bag of rice sold in supermarkets exceeded 4,000 yen (about 170 yuan).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

On October 9, Morningstar predicted that the revenue of Australian oil and gas producer Woodside Energy (WDS.AX) will grow by over 30% by 2030, outpacing any of its international peers. Woodside Energy’s share price dropped by 0.6% on the day to 32.12 AUD, after surging 2.6% in the previous trading session. The stock is poised to end a three-week losing streak, with oil prices rising due to escalating tensions in the Middle East, and is set for a 2.8% weekly gain O/R. Morningstar expects Woodside’s revenue to increase as major new projects come online, and forecasts free cash flow to exceed 7 billion USD after 2030, reflecting a 300% rise from 2025. The report added that market sentiment remains bearish, with the current share price below its estimated fair value of 44.00 AUD. Year-to-date, Woodside’s share price has risen 36.2%, while Santos shares are up 41.3%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several languages. Since automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any loss or damage arising from your use of automated translation functions.)

路透社•2026/10/09 02:16