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Japan receives no offers for regular feed-wheat, barley tender

TOKYO - Japan's Ministry of Agriculture said it received no offers for feed-quality wheat or barley in a simultaneous buy and sell (SBS) auction that closed late on Wednesday.

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Agweek file photo.

TOKYO - Japan's Ministry of Agriculture said it received no offers for feed-quality wheat or barley in a simultaneous buy and sell (SBS) auction that closed late on Wednesday.

The ministry had sought 120,000 tons of feed wheat and 200,000 tons of feed barley to be loaded by Dec. 31 and arrive in Japan by Feb. 29, 2016 in the tender that is usually conducted weekly.

It is seeking the same amounts for each grain to be loaded and shipped during the same period in a similar tender that will be held on Sept. 2.

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. 

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