Japan Seeks to Buy Least Milling Wheat in 4 Weeks in Tender

Japan is seeking to buy 117,000 metric tons of milling wheat from the U.S., Canada and Australia in a regular tender on March 8, the smallest volume in four weeks, the Ministry of Agriculture, Forestry and Fisheries said.

Shipments are from April 21 to May 20 for the Canadian wheat, and from May 1 to May 30 for the Australian grain, Toshiki Tojo at the ministry’s grain-trade division said today by phone. The U.S. supply is for arrival in Japan by June 30, he said. The volume sought is the smallest since Feb. 9, when the government bought 98,552 tons.

The ministry, which controls overseas purchases and domestic sales of wheat to stabilize supply, is Asia’s largest buyer as a single entity. It has bought 4.29 million tons through regular tenders this fiscal year, compared with 5.16 million tons in the year ended March 31. Details of this week’s tender are listed below:

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Wheat Exporter      Grade                       Metric Tons
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U.S.                Western White                 13,662
                    Hard Red Winter               11,901
                    Dark Northern Spring          20,939
Canada              Western Red Spring            30,918
Australia           Standard White                39,580
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To contact the reporter on this story: Aya Takada in Tokyo at atakada2@bloomberg.net

To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net

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