February 7, 2018 / 9:08 AM / 9 months ago

Japan to import 47,910 tonnes feed wheat via tender

    TOKYO, Feb 7(Reuters) - Japan's Ministry of Agriculture said it
would import 47,910 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 May 31 and arrive in Japan by July
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
February 14.
    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       47,910        N.A.                 N.A.
 Feed barley      0             N.A.                 N.A.
 
 (Reporting by Yoko Matsudaira; Editing by Amrutha Gayathri)
  
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