The government has decided to raise the price of imported wheat to milling companies by 5.5% from April in response to rising international transaction prices.
However, the Ministry of Agriculture, Forestry and Fisheries estimates that the impact of this price increase on food will be 0.7 yen per loaf of bread, and the impact is limited.
In order to stably secure overseas wheat, which accounts for about 90% of the wheat consumed domestically, the government imports it in bulk and sells it to flour milling companies, etc., and reviews the selling price every six months. Wheat.
The Ministry of Agriculture, Forestry and Fisheries has decided to raise the selling price for the six months from April to September to 51,930 yen per ton on average for the five major brands, 5.5% higher than the previous six months. ..
China's increased purchases of feed wheat from the United States and Canada, Russia's increase in wheat export taxes, and the cold weather in mid-February have affected the growth of American wheat. This is because international wheat trading prices are rising due to concerns that they may be there.
The Ministry of Agriculture, Forestry and Fisheries estimates that the impact of this price increase on food will be 0.7 yen per loaf of bread, and the impact will be limited.