from Hacker News

Japan plans to sell rice from emergency stockpiles to cut prices

by Pamar on 2/3/25, 7:01 AM with 11 comments

  • by dagw on 2/3/25, 11:16 AM

    It will be interesting to see how this affects the Japanese rice farmers. The prices are high because the farmers don't have 'enough' rice to sell and thus have to raise the price to get the total amount of money they need for rice farming to be profitable. If the government artificially lowers prices by pulling rice from the stockpiles, that won't increase the amount of rice that rice farmers have to sell. They will have to sell the same amount of rice for less money, possibly driving them from the market permanently and lowering the amount of available rice in the future even further.
  • by Havoc on 2/3/25, 12:21 PM

    Surprised a rich country like Japan cares so much. Rice is super cheap

    Is this not in rounding error territory for most household?