October 3, 2013

 

Japan to import feed wheat, barley via SBS auction
 

 

Via a simultaneous buy and sell (SBS) auction, Japan would import 55,640 tonnes of feed-quality wheat, and 36,320 tonnes of barley for livestock use.

 

Japan's Ministry of Agriculture had sought 180,000 tonnes of feed wheat and 200,000 tonnes of feed barley in the tender that is usually conducted weekly. It is seeking the same amounts for each grain in a similar tender that will be held on October 9.

   

Japan buys a small portion of feed wheat and barley through 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.