Japan will cut the price at which it sells imported wheat to domestic users to an average 48,780 yen ($610) per tonne from April 1, down 15 percent from the previous six-month period, the farm ministry said on Wednesday, likely paving the way for a fall in prices of bread and other wheat products.
The fall from the current average of 57,720 yen reflects a fall in imported wheat prices in the past six months, with ample global supply weakening Chicago wheat prices, a ministry official said.
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