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.

The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley to be loaded by May 31, 2018, and arrive in Japan by July 31, 2018 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 7.

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.