Japan will reduce the cost of imported wheat by 11% due to the stability of the global market - a decision that will support companies.

The Government of Japan will reduce the cost of imported wheat by 10% due to market stability. One ton of grain will be available for purchase at 68.2 thousand yen or $460. Japan relies on imports for 80% of its supply due to high demand.

22 June 2024

The Japanese government will reduce the selling price of imported wheat by more than 10% for the first time in the last three years, as the world market remains stable. This information was provided by the Ministry of Agriculture, Forestry and Fisheries of Japan.

It is reported that starting from October, the price of one ton of wheat will be 68.2 thousand yen ($460), which is 11.1% lower than the average price from April to September.

The Nikkei newspaper notes that Japan imports approximately 80% of the total wheat needed to meet consumer demand. The government reviews the prices of five types of grains in April and October, based on global prices, exchange rates, and other factors.

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Japan will reduce the cost of imported wheat by 11% due to the stability of the global market - a decision that will support companies.

The Government of Japan will reduce the cost of imported wheat by 10% due to market stability. One ton of grain will be available for purchase at 68.2 thousand yen or $460. Japan relies on imports for 80% of its supply due to high demand.

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