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Japan to skip import of feed wheat and barley via tender

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

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

The ministry received an offer for wheat worth 26,230 metric tons and another for barley worth 20,750 metric tons, but it decided not to accept the offers as they did not meet its conditions, a ministry official said, without elaborating.

The ministry had sought 120,000 metric tons of feed wheat and 200,000 metric tons of feed barley to be loaded by June 30 and to arrive in Japan by Aug. 31 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 March 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.

Related Topics: WHEATCROPS
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