Japan’s Ministry of Agriculture said it would import 25,480 tonnes of feed-quality wheat, and 3,250 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 Feb. 9, and arrive in Japan by March 9 in the tender that is usually conducted weekly. It seeks the same quantity for each grain to be loaded and shipped during the same period in a similar tender that will be held on Jan. 31. 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 25,480 N.A. N.A. Feed barley 3,250 N.A. N.A.
(Reporting by Yoko Matsudaira; Editing by Sherry Jacob-Phillips, source – https://af.reuters.com/article/commoditiesNews/idAFL4N1PJ3CG)