Japan to Hold Next Tender for Feed Wheat, Barley on May 1

Japan will hold a tender for a maximum of 50,000 metric tons of feed wheat and 200,000 tons of feed barley on May 11, the Ministry of Agriculture, Forestry and Fisheries said today.

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 today. There won’t be a regular tender on May 4 because of a national holiday.

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/2011-04-27/japan-to-hold-next-tender-for-feed-wheat-barley-on-may-11.html)