Rice Market in Focus: Japan Enacts Strict Controls Amid Global Price Rise

The rice market enters a critical phase as Japan implements stringent controls aimed at stabilizing domestic rice prices and ensuring equitable access to emergency reserves. On June 13, Japan’s Agriculture Minister Shinjiro Koizumi announced potential fines and imprisonment for dealers reselling government reserve rice above the set price, with the decree effective from June 23. The move signifies Japan’s proactive response to mounting price pressures and echoes emergency measures initially seen during past global crises. Such policy interventions come at a time when international rice prices are already trending higher, supported by robust Asian demand, uncertainty around weather patterns in major producing countries, and export restrictions in some key exporting nations.

Meanwhile, ongoing weather challenges in parts of Asia and the tightening of export supplies from leading players like India and Vietnam have added to the supply-side anxieties. The latest price data shows ongoing upward momentum for most rice types, reflecting sustained demand and short-term supply constraints. As global food security concerns sharpen focus on staple grains, policies like those enacted by Japan could influence broader market behavior and sentiment, possibly acting as a bellwether for interventionist trends among other import-dependent nations.

📈 Prices: Latest Rice Market Trends

Type	Origin	Location	Price (EUR/kg)	Previous Price (EUR/kg)	Change (%)	Update Date	Market Sentiment
All Golden, Sella	India	New Delhi	1.08	1.06	+1.89%	2025-06-14	Bullish
All Steam, PR11	India	New Delhi	0.57	0.55	+3.64%	2025-06-14	Bullish
Al İsteam, Sharbati	India	New Delhi	0.72	0.70	+2.86%	2025-06-14	Bullish
All Steam, 1121 Steam	India	New Delhi	0.99	0.97	+2.06%	2025-06-14	Bullish
All Steam, 1509 Steam	India	New Delhi	0.93	0.91	+2.20%	2025-06-14	Bullish
White Sella, 1121 Creamy	India	New Delhi	0.90	0.87	+3.45%	2025-06-14	Bullish
White, Non Basmati (Organic)	India	New Delhi	1.64	1.62	+1.23%	2025-06-14	Bullish
White, Basmati (Organic)	India	New Delhi	1.95	1.93	+1.04%	2025-06-14	Bullish
Red	Vietnam	Hanoi	0.91	0.89	+2.25%	2025-06-14	Bullish
Paper Dried	Vietnam	Hanoi	1.99	1.97	+1.02%	2025-06-14	Firm
Long, White, 5%	Vietnam	Hanoi	0.62	0.60	+3.33%	2025-06-14	Bullish
Jasmine	Vietnam	Hanoi	0.64	0.64	0.00%	2025-06-14	Stable
Japonica	Vietnam	Hanoi	0.74	0.72	+2.78%	2025-06-14	Bullish
Homali	Vietnam	Hanoi	0.79	0.77	+2.60%	2025-06-14	Bullish
White Glutinous	Vietnam	Hanoi	0.72	0.70	+2.86%	2025-06-14	Bullish
Calrose	Vietnam	Hanoi	0.82	0.80	+2.50%	2025-06-14	Bullish
Black	Vietnam	Hanoi	1.22	1.20	+1.67%	2025-06-14	Bullish

🌍 Supply & Demand Drivers

• Japan’s Emergency Decree: Aims to restrict speculative reselling, supporting internal price stability and preventing panic-driven price spikes.
• Export Policies: India and Vietnam continue tight controls on rice exports, prioritizing domestic food security.
• Asian Demand: Robust domestic demand across South/Southeast Asia, with importers stockpiling due to weather uncertainties.
• Speculative Positioning: Market speculators push prices higher amid policy changes and uncertain new crop projections.

📊 Fundamentals: Stocks & Production

Country	2023/24 Output (Mt)	2023/24 Ending Stocks (Mt)	Key Export/Import Notes
India	131	36	Export restrictions, strong domestic reserves
China	147	100	Major producer, ample stocks
Vietnam	44	5	Price competitiveness, some export quotas
Thailand	32	7	Major exporter, supply at par
Japan	7.5	2.4	Intervention policy, high per capita consumption
Philippines	12.6	less than 2	Top importer, weather vulnerable

🌦️ Weather Outlook & Impact

• India: Monsoon progression delayed in some key states; initial showers below average, raising early-crop stress risk.
• Vietnam: Southern regions receiving variable rainfall; short-term dry spells pose threat to transplanting, but main-season output so far supported.
• Thailand: Sufficient rainfall but risk of short mid-season dry spell persists according to forecasts.
• Japan: Stable conditions for main growing regions, but focus remains on reserve management, not production increase.

Overall, weather is a watch factor for Asia’s northern summer crops. Any worsening could accelerate price increases and cut exportable surpluses.

📌 Trading Outlook & Recommendations

• Buyers should consider forward contracts as price momentum remains upward amid uncertain weather and restrictive policies.
• Monitor government interventions closely (especially in Japan, India, and Vietnam) for potential impact on market liquidity and export flows.
• Importers should diversify sourcing and examine alternative suppliers to hedge against policy-driven supply interruptions.
• Producers and exporters can benefit from current firm demand but are advised to secure hedging against weather volatility.

📆 3-Day Regional Price Forecast

Location	Rice Grade	Current Price (EUR/kg)	Forecast Range (Next 3 Days)	Trend
New Delhi, India	All Golden, Sella	1.08	1.08 – 1.11	Upward
New Delhi, India	All Steam, PR11	0.57	0.57 – 0.59	Upward
Hanoi, Vietnam	Long, White, 5%	0.62	0.62 – 0.64	Upward

Note: Upward bias persists on most global offers, underpinned by policy, weather vigilance, and international demand.