A: Hey there, did you hear about the news?
B: No, what's up?
A: It looks like the price of rice might be high again this year! The farmers are getting higher advance payments from the Japan Agricultural Cooperatives Group.
B: Really? That's great for the farmers, but won't it make rice more expensive for us consumers?
A: Well, it's still early to tell. The analysts say that the retail price could go up to around 30 dollars per 5 kilos of rice this autumn. But remember, there are also logistics costs and profits for wholesalers and retailers.
B: Oh, I see. So, it'll be more expensive but not as much as 30 dollars per 5 kilos?
A: Exactly! The farmers in popular rice-producing regions like Niigata are getting quite a bit more for their harvest this year. Some of them are even getting over 200 dollars for every 60 kilograms of rice.
B: Wow, that's a lot of money! I hope the quality and yield of the rice won't be affected by the extreme heat and rising prices of fertilizers and farming equipment.
A: That's a valid concern. Many cooperatives have expressed worries about those issues, but they're raising their advance payments to farmers to avoid being outbid by other buyers.
B: No, what's up?
A: It looks like the price of rice might be high again this year! The farmers are getting higher advance payments from the Japan Agricultural Cooperatives Group.
B: Really? That's great for the farmers, but won't it make rice more expensive for us consumers?
A: Well, it's still early to tell. The analysts say that the retail price could go up to around 30 dollars per 5 kilos of rice this autumn. But remember, there are also logistics costs and profits for wholesalers and retailers.
B: Oh, I see. So, it'll be more expensive but not as much as 30 dollars per 5 kilos?
A: Exactly! The farmers in popular rice-producing regions like Niigata are getting quite a bit more for their harvest this year. Some of them are even getting over 200 dollars for every 60 kilograms of rice.
B: Wow, that's a lot of money! I hope the quality and yield of the rice won't be affected by the extreme heat and rising prices of fertilizers and farming equipment.
A: That's a valid concern. Many cooperatives have expressed worries about those issues, but they're raising their advance payments to farmers to avoid being outbid by other buyers.
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Summary: Rice prices in Japan's supermarkets hit record high
Summary
Discussion about anticipated rise in rice prices due to higher advance payments to Japanese farmers, potentially affecting consumers. Analysts predict retail price could reach around $30 per 5 kilos of rice this autumn, considering logistics costs and profits for wholesalers/retailers. Farmers in