Japanese rice traders expect prices to drop over next 3 months

Many Japanese rice traders expected in June that prices of the staple food would drop over the next three months, data from a public-interest association showed Friday, with the government releasing substantial quantities from its stockpiles.Marking a record fall of 24 points, the index gauging the price outlook slid below 50, meaning more respondents believe prices will decline than expect rises, last month, the Rice Stable Supply Support Organization said. It was the index's first fall below the line since April 2022.Published for the first time since the government decided in late May to…READ FULL ARTICLE