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Why are southern japonica rice prices facing downward pressure?
Southern japonica rice prices face downward pressure. Starting in March, the volume of indica rice from reserves at all levels entering the market in southern provinces gradually increased, but the price gap between new and old rice continued to remain at a relatively high level. Since April, the volume of policy rice and reserve rice at all levels being released from warehouses in the main southern japonica rice producing areas has increased significantly, and market supply has risen; however, as temperatures rise, market demand for rice tends to become sluggish. Recently, japonica rice prices in southern producing areas have stopped rising, and it is expected that southern japonica rice prices will face downward pressure in the short term.
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