A: Hey there! Any idea about the recent news?
B: Not really, what's up?
A: The Japanese government's releasing grains from their stockpiles to lower rice prices!
B: Oh, that sounds good for consumers. But it seems not everyone's happy...
A: Exactly! A store in Saitama Prefecture near Tokyo says sales of their expensive branded rice dropped by 30% last month.
B: Whoa, that's a big drop! What are they doing about it?
A: They lowered prices by 10%, hoping to bring customers back. But it looks like they're still losing money. The manager said they had to do it because they can't just waste rice.
B: That must be tough for them. What about orders for the brand-name rice?
A: They've had to cut back on those too, since people aren't buying as much. It's a tricky situation!
----------------
Efforts by the Japanese government to arrest climbing rice prices with releases of grains from national stockpiles have come as a welcome relief for consumers. But not everyone is happy.
With the latest release, a 5-kilogram bag of the government rice retails for about 2,000 yen, or 14 dollars. That compares with about 5,000 yen for branded alternatives of rice, which are famous for having specific qualities based on variety and region.
One supermarket in Saitama Prefecture, near Tokyo, only carries the more expensive, branded rice. It says sales slumped by about 30 percent in May from the previous month.
The supermarket has been forced to cut prices by 10 percent in a bid to draw customers back.
Yagi Yoshiki, a branch manager of Super Marusan, said, "We can't just throw rice away, so we'll have to sell it at a discount -- even if that means losing money."
The manager said the drop in sales has also forced the store to cut back on orders for brand-name rice.
B: Not really, what's up?
A: The Japanese government's releasing grains from their stockpiles to lower rice prices!
B: Oh, that sounds good for consumers. But it seems not everyone's happy...
A: Exactly! A store in Saitama Prefecture near Tokyo says sales of their expensive branded rice dropped by 30% last month.
B: Whoa, that's a big drop! What are they doing about it?
A: They lowered prices by 10%, hoping to bring customers back. But it looks like they're still losing money. The manager said they had to do it because they can't just waste rice.
B: That must be tough for them. What about orders for the brand-name rice?
A: They've had to cut back on those too, since people aren't buying as much. It's a tricky situation!
----------------
Efforts by the Japanese government to arrest climbing rice prices with releases of grains from national stockpiles have come as a welcome relief for consumers. But not everyone is happy.
With the latest release, a 5-kilogram bag of the government rice retails for about 2,000 yen, or 14 dollars. That compares with about 5,000 yen for branded alternatives of rice, which are famous for having specific qualities based on variety and region.
One supermarket in Saitama Prefecture, near Tokyo, only carries the more expensive, branded rice. It says sales slumped by about 30 percent in May from the previous month.
The supermarket has been forced to cut prices by 10 percent in a bid to draw customers back.
Yagi Yoshiki, a branch manager of Super Marusan, said, "We can't just throw rice away, so we'll have to sell it at a discount -- even if that means losing money."
The manager said the drop in sales has also forced the store to cut back on orders for brand-name rice.
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Summary
Japanese government's rice stockpile release lowers retail prices, affecting sales of branded rice. A supermarket in Saitama Prefecture reports a 30% drop in May compared to the previous month. To attract customers, they lowered prices by 10%, but still face potential losses due to reduced
Statistics
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ID: f6104fad-35e4-47ea-bbf6-b477fc14c113
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250609_B82/
Created: 2025/06/10 09:22
Updated: 2025/12/08 03:44
Last Read: 2025/06/10 16:24