Japan to import 350 tonnes feed wheat via tender

TOKYO: Japan's Ministry of Agriculture said it would import 350 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 July 31 and arrive in Japan by September 28 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 April 18.

Japan buys and sells its 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.