Japan says no bids received in feed grains tender

TOKYO: Japan's Ministry of Agriculture said it received no bids to buy imports of feed wheat or feed barley in a tender issued under the simultaneous buy and sell (SBS) system that closed on Wednesday.

The ministry had sought to find takers for 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley imported from abroad. Under the SBS system, Japan's end-users can negotiate the origin, price and quantity of grains with trading companies prior to jointly submitting bids into government tenders.

Loading of the feed grains was to be before Aug. 31 or delivery was to be by Oct. 31.