Bloomberg News

Japan Buys Least Milling Wheat in 16 Months From Australia

July 06, 2012

Japan bought 60,175 metric tons of milling wheat from Australia in a regular tender today, the smallest volume in almost 16 months, according to the Ministry of Agriculture, Forestry and Fisheries.

Shipment for the Australian grain, or Standard White wheat, that is used to make noodles in Japan is set from Sept. 1 to Sept. 30, Toshiki Tojo at the ministry’s grain-trade division said by phone. It was the smallest purchase since March 17 last year, when the government bought 32,381 tons.

The agriculture ministry controls overseas purchases and domestic sales of wheat to stabilize supply. It has bought 1.35 million tons through regular tenders this fiscal year, compared with 4.65 million tons in the year ended March 31.

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

To contact the editor responsible for this story: Jarrett Banks at Jbanks15@bloomberg.net


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