January 22, 2020 / 9:24 AM / 4 months ago

Japan receives no offers for regular feed-wheat, barley tender

TOKYO, Jan 22(Reuters) - Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) 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 February 15 and arrive in Japan by March 19 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 January 29.

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. (Reporting by Yoko Matsudaira; Editing by Louise Heavens)

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