Demand For imported Rice Falls in Japan

7 03 2011

Since the demand for rice imports in China are increasing at a high rate it is having a negative effect on Japan.  The popularity of  imported rice has decreased because of high prices in Japan due to the high demand for rice in China. “Demand for imported rice for human consumption in Japan in fiscal 2010 ending March is set to fall short of the government’s planned import level of 100,000 tons” .  The imported rice was auctioned eight times this year and the bids were only 30% that of the original import level planned.  Basically the demand for imported rice in Japan decreased and the quantity imported decreased drastically and at the same time the demand for imported rice was increasing and China therefore leading the increase in price for the rice in both Japan and China. So the number of buyers of imported rice in Japan decreased so there is less demand. The demand determinant in effect would be the number of buyers.

Article Link

Advertisements

Actions

Information

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




%d bloggers like this: