Japan to import 5,600 tons feed wheat via tender

TOKYO - Japan's Ministry of Agriculture said it would import 5,600 tonnes of feed-quality wheat for livestock use via a simultaneous buy and sell (SBS) auction that closed late on Wednesday.

2410369+Wheat li jingwang istockphoto.jpg

TOKYO - Japan's Ministry of Agriculture said it would import 5,600 tonnes of feed-quality wheat 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 June 30 and arrive in Japan by Aug. 31 in the tender that is usually conducted weekly.

It will skip the auction next week due to the end of fiscal year adjustment ending March 31.

Japan buys a small portion of feed wheat and barley via so-called SBS auctions, in which end-users and importers specifythe origin, price and quantity of grain, allowing millers to meet their varied needs for the feed grain.

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