Japan to cut imported wheat prices to millers by 7.1 pct
09/03/2016 10:07
TOKYO, March 9 (Reuters) - Japan would sell imported wheat
to domestic millers at an average price of 52,610 yen ($468) per
tonne in April-September, down 7.1 percent from the previous
six-month period, the farm ministry said on Wednesday.
The move reflects lower international prices amid plentiful
global stocks and lower shipping fees. (http://bit.ly/21kRHLY)
Japan, the world's sixth-biggest wheat importer, buys most
of its milling grain through import tenders for five types of
wheat from Australia, Canada and the United States and sells it
to domestic millers at prices set twice a year.
The farm ministry's wheat selling price was set at an
average of 56,640 yen for the six months ending this month, the
Ministry of Agriculture, Forestry and Fisheries said in a
statement on its website.
($1 = 112.5200 yen)
(Reporting by Osamu Tsukimori; Editing by Anand Basu)
((osamu.tsukimori@thomsonreuters.com; +813 6441 1857; Reuters
Messaging: osamu.tsukimori.thomsonreuters.com@reuters.net))
Keywords: JAPAN WHEAT/PRICES