Bloomberg News

Japan Seeks to Purchase Least Milling Wheat in Two Weeks

May 22, 2012

Japan is seeking to buy 152,846 metric tons of milling wheat from the U.S. and Canada in a regular tender on May 24, the Ministry of Agriculture, Forestry and Fisheries said today.

The volume sought is the smallest since May 10, when the government bought 151,416 tons, according to Toshiki Tojo at the ministry’s grain-trade division. The ministry, which controls overseas purchases and domestic sales of wheat to stabilize supply, has bought 700,759 tons through regular tenders this fiscal year, compared with 4.65 million tons in the year ended March 31. Details of this week’s tender are listed below:

================================================================
Exporter        Grade                  Tons     Shipments
================================================================
U.S.            Western White          18,347   June 21-July 20
                Hard Red Winter        28,458   June 21-July 20
                Dark Northern Spring   25,010   By Aug. 31
                Dark Northern Spring   32,245   June 21-July 20
Canada          Western Red Spring     18,683   By Sept. 30
Canada          Western Red Spring     30,103   July 21-Aug. 20
================================================================

To contact the reporter responsible for this story: Aya Takada at atakada2@bloomberg.net

To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net


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