July 24, 2008

Japan government seeks wheat, barley in tender

Japan's Ministry of Agriculture, Forestry and Fisheries is seeking 57,000 tonnes of wheat and 335,000 tonnes of barley in a simultaneous buy-sell, or SBS tender to be concluded August 6, a ministry official said Wednesday (July 23).

The official said the entire quantity will be shipped to Japan by November 30.

In an SBS tender, the government matches the lowest offer price of the overseas sellers with the highest bid price of the domestic buyers.