Bloomberg News

Japan Seeks to Buy Most Milling Wheat in Eight Weeks in Tender

February 05, 2013

Japan is seeking to buy 126,184 metric tons of milling wheat from the U.S., Canada and Australia in a tender on Feb. 7, according to the Ministry of Agriculture, Forestry and Fisheries.

The volume sought is the largest weekly amount since Dec. 13, when the government bought 134,157 tons, according to Toshikazu Ashida at the ministry’s grain-trade division.

The ministry controls overseas purchases and domestic sales of wheat to stabilize supply. It has bought 4.04 million tons through regular tenders this fiscal year, compared with 4.65 million tons in the year ended March 31, 2012.

Details of this week’s tender are listed below:

================================================================
Exporter        Grade                   Tons     Shipments
================================================================
U.S.            Western White           16,910   By May 31
                Hard Red Winter          5,180   By May 31
                Dark Northern Spring    22,751   Mar 21-Apr 20
Canada          Western Red Spring      22,550   By May 31
                Western Red Spring      30,628   Mar 21-Apr 20
Australia       Standard White          28,165   Apr 1-Apr 30
================================================================

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

To contact the editor responsible for this story: Brett Miller at bmiller30@bloomberg.net


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