Japan May Sell Rice to Replace Corn in Feed as Stockpiles Swell
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Japan, the world’s largest corn buyer, may import less of the grain if it begins selling surplus rice from stockpiles meant for human consumption to local feed makers.
The Ministry of Agriculture, Forestry and Fisheries may supply rice as an alternative to imported feed grains such as corn from state stockpiles, which stood at 980,000 metric tons on June 30, said Masachika Murai, director at the ministry’s rice policy planning division. Rice sales could be as much as 700,000 tons a year, based on demand from Japanese feed mills, he said in an interview in Tokyo yesterday.