Japan Cuts Feed-Wheat Import Plan by 12% as Demand Weakens

News list

Country to import as much as 600kt of feed wheat for fiscal year beginning in April, Agriculture Ministry says, releasing its purchasing plan for feed grains.

Ministry’s plan for 2015-16 was to import as much as 680,000 MT of feed wheat.
As corn prices have stayed low, demand for wheat from local feed mills is not strong,” says Ryoichi Watanabe, deputy director at the ministry’s feed division.
Ministry plans to import as much as 1m MT of feed barley in 2016-17, unchanged from year earlier: ministry’s statement.
NOTE: Ministry holds tenders every Wednesday to import feed grains; tenders held under so-called simultaneous buy-and-sell system.