Japan to raise imported wheat prices to millers by 3.6 pct

NISSHIN SEIFUN

07/09/2017 01:54

TOKYO, Sept 7 (Reuters) - Japan will sell imported wheat to 
domestic millers at an average price of 52,510 yen ($482) per 
tonne in the six months from October, up 3.6 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, 
the United States and Australia, higher shipping rates and a 
weaker yen, the ministry said in a statement. 
    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. 
 
($1 = 109.0400 yen) 
 
 (Reporting by Osamu Tsukimori; Editing by Joseph Radford) 
 ((osamu.tsukimori@thomsonreuters.com; +813 6441 1857; Reuters 
Messaging: osamu.tsukimori.thomsonreuters.com@reuters.net)) 
 
Keywords: JAPAN WHEAT/PRICES