Japan to import 38,420 tonnes feed wheat and barley via tender
By: Reuters | Jul 02 2014 at 07:28 AM | Maritime
Japan’s Ministry of Agriculture said it would import 22,640 tonnes of feed-quality wheat, and 15,780 tonnes of barley for livestock use, via a simultaneous buy and sell (SBS) auction that closed late on Wednesday.
The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley to be loaded by Oct. 31 or arrive in Japan by Dec. 26 in the tender that is usually conducted weekly. It is seeking the same amounts for each grain to be loaded by Oct. 31 or arrive in Japan by Dec. 26 in a similar tender that will be held on July 9.
Japan buys a small portion of feed wheat and barley via so-called SBS auctions, in which end-users and importers specify the origin, price and quantity of grain, allowing millers to meet their varied needs for the feed grain. (Reporting by Yuka Obayashi)