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Japan to cut imported wheat prices to millers by 5.7 pct

Published 2015-09-08, 04:05 a/m
© Reuters. Japan to cut imported wheat prices to millers by 5.7 pct

TOKYO, Sept 8 (Reuters) - Japan will sell imported wheat to
domestic millers at an average price of 56,640 yen ($471) per
tonne over October to March, down 5.7 percent from the previous
six-month period, reflecting lower international prices amid
outlook of plentiful global stocks, the farm ministry said on
Tuesday.
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 60,070 yen for the six months ending September, the
Ministry of Agriculture, Forestry and Fisheries said in a
statement on its website.
($1 = 120.2100 yen)

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