The agriculture ministry proposed Thursday that the government increase the price floors for domestically produced beef and pork for the first time in about three decades, as rising feed grain prices boost costs for livestock farmers.
The pork price floor would rise to ¥380 a kg in April from ¥365, and for beef it would rise to ¥790 a kg from ¥780, the Agriculture, Forestry and Fisheries Ministry proposed at a panel meeting attended by farmers and consumer groups.
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