Tridge summary
Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) is planning to procure 65,000 metric tons of feed wheat and 25,000 tons of feed barley to meet its domestic requirements. The supplies are expected to be loaded by January 31, 2025, and delivered by March 13, 2025. MAFF will utilize a simultaneous buy and sell (SBS) auction to finalize the purchases on October 16. This method allows end-users and importers to specify the origin, price, and quantity of the grain, ensuring millers can meet their diverse feed grain needs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) said on Wednesday that it will seek 65,000 metric tons of feed wheat and 25,000 tons of feed barley to be loaded by Jan. 31, 2025 and arrive in Japan by March 13, via a simultaneous buy and sell (SBS) auction that will be held on Oct. 16. Japan buys and sells its feed wheat and barley via so-called SBS auctions, in which end-users and importers specify the origin, price and quantity of grain, allowing millers to meet their varied needs for the feed grain. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a multi-functional online platform with market intelligence ...
Source: UkrAgroConsult
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