Japan to raise imported wheat prices to millers by 2.2 pct
12/09/2018 24:16
TOKYO, Sept 12 (Reuters) - Japan will sell imported wheat to
domestic millers at an average price of 55,560 yen ($498) per
tonne in October to March, up 2.2 percent from the previous
six-month period, the Ministry of Agriculture, Forestry and
Fisheries said.
The move reflects higher wheat prices in its main suppliers
and higher shipping rates due to oil prices, the ministry said
in a statement.
Japan buys most of its milling grain through import tenders
for five types of wheat from Australia, Canada and the United
States. It sells to domestic millers at prices set twice a year.
($1 = 111.6200 yen)
(Reporting by Osamu Tsukimori; editing by Richard Pullin)
((osamu.tsukimori@thomsonreuters.com; +813 6441 1857; Reuters
Messaging: osamu.tsukimori.thomsonreuters.com@reuters.net))