Japan to raise imported wheat prices to millers by 4.6 pct

NISSHIN SEIFUN

07/03/2017 23:34

TOKYO, March 8 (Reuters) - Japan will sell imported wheat to 
domestic millers at an average price of 50,690 yen ($444.92) per 
tonne in April-October, up 4.6 percent from the previous 
six-month period, the Ministry of Agriculture, Forestry and 
Fisheries said. 
    The move reflects a weaker yen, which raises import costs, 
higher prices of high-grade wheat and oil prices that pushed up 
shipping rates, 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. 
    The farm ministry's wheat selling price was set at an 
average of 48,470 yen for the six months ending this month, the 
ministry said. 
 
($1 = 113.9300 yen) 
 
 (Reporting by Osamu Tsukimori; Editing by Richard Pullin) 
 ((osamu.tsukimori@thomsonreuters.com; +813 6441 1857; Reuters 
Messaging: osamu.tsukimori.thomsonreuters.com@reuters.net)) 
 
Keywords: JAPAN WHEAT/PRICES