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Government cuts selling price of imported wheat by 8.7% | NHK News

2019-09-10T10:23:05.479Z

The government has decided to reduce the selling price of imported wheat by an average of 8.7% from next month. Expected to increase harvest in major production areas such as the United States ...


Government Sale price of imported wheat 8.7% reduction September 10 19:10

The government has decided to reduce the selling price of imported wheat by an average of 8.7% from next month. This is because the harvest is expected to increase in major production areas such as the United States, and international prices are falling.

In order to stably secure imported wheat, which accounts for about 90% of the wheat consumed in the country, the government imports it in bulk and sells it to flour mills, etc., and reviews the selling price every six months. The

The selling price for the half year from next month to March next year announced by the Ministry of Agriculture, Forestry and Fisheries is an average of 49,890 yen per ton for the five major brands, a 8.7% reduction from the previous half year price. I decided.

The reduction will be the lowest for the first time in three years for the second consecutive term.

This is due to the fact that wheat prices are steadily decreasing in main production areas such as the US and Europe, and international prices continue to fall, and the yen is appreciating in the foreign exchange market.

The Ministry of Agriculture, Forestry and Fisheries estimates that this reduction will have an impact of about 1 yen per 1 loaf of bread and about 5 yen per kilogram of household flour.

Source: nhk

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