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

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 June 30, and arrive in Japan by August 29 in the tender that is usually conducted weekly.

It will skip auction the next week due to fiscal year-end adjustment on March 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.
Source: Reuters (Reporting by Yoko Matsudaira)