Published: 17:03, May 24, 2025 | Updated: 17:20, May 24, 2025
Japan's new farm minister eyes retail rice price at 2,000 yen per 5 kg by early June
By Xinhua
Japan's new agriculture minister, former environment minister, Shinjiro Koizumi (center) is surrounded by reporters at the prime minister's office in Tokyo, May 21, 2025. (PHOTO / KYODO NEWS VIA AP)

TOKYO - Japan's new agriculture minister has pledged to make rice available at 2,000 yen (about $14) per 5 kilograms at retail outlets like supermarkets by early June.

Shinjiro Koizumi said on a TV program Friday night that the government plans to commence procedures to sell its stockpiled rice directly to retailers, bypassing auctions that have prevented government control over prices.

ALSO READ: Japan's agriculture minister resigns over rice gaffe

Koizumi, who assumed his post on Wednesday after his predecessor resigned following a remark about gifts of rice from supporters, said that under discretionary contracts, the government will release 300,000 tons of stockpiled rice initially and may provide additional supplies if demand arises.

READ MORE: Japan rice prices hit record for 17th straight week

The reserve rice sold under discretionary contracts is expected to reach store shelves as soon as early June, he said.

The average price of rice sold at Japanese supermarkets reached a record 4,268 yen per 5 kilograms in early May, roughly double last year's level, partly due to a poor harvest in the summer of 2023.

READ MORE: Yomiuri: Japan considering soybean, rice concessions in US tariff talks

According to official data released Friday, Japan's rice prices in April went up a whopping 98.4 percent compared to the same month a year earlier, a record surge since the government started keeping comparable data in 1971.