January 16, 2019 / 9:11 AM / 7 months ago

Japan to import 6,000 tonnes feed wheat via tender

    TOKYO, Jan 16(Reuters) - Japan will import 6,000 tonnes of feed-quality
wheat for livestock use via a simultaneous buy and sell (SBS) auction that
closed late on Wednesday, the Ministry of Agriculture, Forestry and Fisheries
(MAFF) said.
    The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of
feed barley to be loaded by Feb. 15 and arrive in Japan by March 14 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 Jan. 23.
    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. 
    Details of the results are below, with the quantity in tonnes and the
average price in yen per tonne:
                    QUANTITY       AVG IMPORT PRICE   AVG SELL PRICE
 Feed wheat         6,000          N.A.               N.A.
 Feed barley        0              N.A.               N.A.
 (Reporting by Yoko Matsudaira; Editing by Subhranshu Sahu)
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