Bloomberg News

Japan Seeks to Buy Least Milling Wheat in 6 Months in Tender

October 04, 2011

(Adds shipment period in second paragraph.)

Oct. 4 (Bloomberg) -- Japan is seeking to buy 79,701 metric tons of milling wheat from the U.S. in a regular tender on Oct. 6, the smallest volume in more than six months, according to the Ministry of Agriculture, Forestry and Fisheries.

Shipment is set from Dec. 1 to Dec. 31, Masafumi Otsuka at the ministry’s grain-trade division said today by phone. The volume sought is the smallest since March 17, when the government bought 32,381 tons.

The ministry, which controls overseas purchases and domestic sales of wheat to stabilize supply, is Asia’s largest buyer as a single entity. It has bought 2.52 million tons through regular tenders this fiscal year, compared with 5.16 million tons in the year ended March 31.

Details of this week’s tender are listed below:

--Editors: Jarrett Banks, Thomas Kutty Abraham

To contact the reporter on this story: Aya Takada in Tokyo at atakada2@bloomberg.net

To contact the editor responsible for this story: James Poole in Singapore at Jpoole4@bloomberg.net


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