Japan to Hold Next Tender for Feed Wheat, Barley on Feb. 2

Japan will hold a tender on Feb. 2 for a maximum of 30,000 metric tons of feed wheat and 200,000 tons of feed barley, according to the Ministry of Agriculture, Forestry and Fisheries.

The ministry, which holds feed-grain import tenders every Wednesday, didn’t purchase anything today because of a lack of demand from end-users, Masafumi Otsuka at the ministry’s grain- trade division said by phone.

Tenders are held under the so-called simultaneous buy-and- sell system, in which feed makers and trading companies jointly bid for grains of any origin and quality.

(Source: http://www.bloomberg.com/news/2011-01-26/japan-to-hold-next-tender-for-feed-wheat-barley-on-feb-2.html)