Aeon wants to be Japan's biggest rice farmer
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
AEON Co, Japan's largest supermarket chain that sells everything from fresh food to bicycles across 424 stores, plans to become the nation's largest rice grower.
Starting with 11 hectares of rice paddies leased from local farmers, its Aeon Agri Create Co farming subsidiary will start producing the grain north of Tokyo next year, said Aeon spokesman Norihito Ikkai. Chiba-based Aeon aims to lease 100 hectares - almost 50 times the average farmer's plot - by 2020. That would make it the biggest rice-producing company in the country, according to Arihiro Muroya, chief economist at Norinchukin Research Institute.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?