News On Japan

Japan's imported wheat price to hit 14-yr high amid Ukraine crisis

Mar 09 (Kyodo) - Japan's farm ministry said Wednesday it will raise the average price at which it sells imported wheat to the country's milling companies by 17.3 percent from April, nearing a 14-year high, as Russia's invasion of Ukraine stokes fears of global supply disruptions.

The average price of five major wheat brands will be 72,530 yen ($626) per ton in the April-September period, the second-highest level since the current calculation methods were adopted in 2007, following 76,030 yen marked in the six months from October 2008, according to the ministry.

Source: ANNnewsCH

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