Tokyo, March 11 (Jiji Press)–Japan’s agriculture ministry said Wednesday that it will raise the state selling prices for imported wheat by 3.1 pct on April 1.
The price increase is attributed to a rise in the international market price caused by poor harvests in drought-hit Australia.
The weighted average of the prices of five imported wheat brands will be 51,420 yen per ton.
The state price hike is expected to push up bread prices by 0.3 yen per loaf and family-use flour prices by 2.6 yen per kilogram, according to the ministry.
The government, the exclusive buyer of foreign wheat, revises its wholesale prices for milling companies and others every April and October.