Japan rice price falls below 4,000 yen for 1st time since March

The average price of rice in Japan fell below 4,000 yen ($27) per 5 kilograms for the first time in around three and a half months to 3,920 yen, the government said Monday, with increased distribution of stockpiles likely helping to drive down prices.During the seven days through June 15, the average price of rice sold at supermarkets across the nation fell by 256 yen per 5 kg from the previous week, dropping to the 3,000 yen range for the first time since the week ended March 2, according to the Ministry of Agriculture, Forestry and Fisheries.Farm minister Shinjiro Koizumi told reporters t…READ FULL ARTICLE