経済｜2021年産備蓄米の申請開始 / Economy | Applications for the 2021 Rice Stockpiling Program Begin

Summary

The application process for the procurement of 120,000 tons of stockpiled rice from the 2021 harvest has begun.

This time, there is no limit on the number of applications, and major retailers as well as local rice shops are eligible to apply. According to Mr. Koizumi, this additional release of stockpiled rice is a measure aimed at curbing the rising prices of rice, with a goal of bringing the national average store price down to the 3,000 yen range as soon as possible. Currently, the retail price of old rice is estimated to be around 1,700 yen for 5 kilograms.

Dialogue

This dialogue is fictional and based on the article.

Chako: Hey Log, I heard the application for emergency rice reserves has started! What do you think?
Log: Yeah, with rice prices soaring, this seems like an important measure.
Chako: But I’m a bit worried that there’s no limit on the applications!
Log: That’s true; there’s a chance demand could become concentrated. Since major retailers and local rice shops are also eligible, how the distribution plays out will be key.
Navi: I think the push for transparency in distribution channels is rooted in the need to restore consumer trust.
Chako: I see! If there’s transparency, everyone will feel more secure!

Admin’s Note

The start of applications for this stockpiled rice can be seen as a practical response to the surge in rice prices. Particularly, the decision not to set a cap on applications carries risks considering the concentration of demand, but the increased transparency in distribution may also enhance consumer trust. From the conversations between Chako and Log, I felt that it’s important for the younger generation to take an interest in such issues and exchange opinions. I want to continue paying attention to the developments surrounding this matter.