TOKYO: Japan’s Ministry of Agriculture said it would import 20,040 tonnes of feed-quality wheat and 31,865 tonnes of barley 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 July 31 and arrive in Japan by Sept. 30 in the tender that is usually conducted weekly.
It is seeking the same amounts for each grain to be loaded by Aug. 31 and arrive in Japan by Oct. 30 in a similar tender that will be held on May 13. It will skip auctions in the next two weeks due to a number of holidays at the end of April and the beginning of May, which is called Golden week.
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.
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 20,040 N.A. N.A.
Feed barley 31,865 N.A. N.A.
