TOKYO: Japan’s Ministry of Agriculture said it would import 620 tonnes of feed-quality wheat and 770 tonnes of barley for livestock use via a simultaneous buy and sell (SBS) auction that closed late on Wednesday.
The ministry sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley to be loaded by February 13 and arrive in Japan by March 11 in the weekly tender. It sought the same quantity for each grain to be loaded by May 31 and arrive in Japan by July 29 in a similar tender that will be held on February 3.
Japan buys a small portion of 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.
