Japan's Ministry of Agriculture, Forestry and Fisheries has announced that they will resume bidding for stockpiled rice purchases starting April 14, marking the first time in nearly two years that such activity will take place. This decision comes after a significant increase in rice prices prompted the government to withhold stockpiling efforts. The initial bidding will be for approximately 210,000 tons of rice from the 2026 harvest, signaling a renewed approach to managing rice supplies amidst fluctuating market conditions.

Farmers and other dealers who typically supply rice will participate in the bidding process. Historically, the Ministry conducts multiple bids starting in January each year to replenish stockpiled rice before planting begins. However, due to rising prices, the government began releasing stockpiled rice in the spring of 2025, which contributed to the decision to pause the purchase of rice from the 2025 harvest. The ministry stated that there would be increased clarity on supply and demand as they re-enter the market.

According to the Ministry, rice production for the 2026 harvest is anticipated to reach 7.32 million tons, exceeding the estimated demand of 7.11 million tons. Minister Suzuki Norikazu conveyed confidence, stating that purchasing 210,000 tons would not disrupt supply levels, ensuring adequate preparation for emergencies and disaster situations with stockpiled rice.