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Japan skips food wheat purchase tender this week
April 1, 2014 / 5:57 AM / 4 years ago

Japan skips food wheat purchase tender this week

TOKYO, April 1 (Reuters) - Japan’s Ministry of Agriculture skipped buying food quality wheat via a regular tender this week due to a custom of not conducting tenders in the first week of the new fiscal year starting April as well as in the first week of a calender year.

Regular tenders for this month are planned to start the following week, an official at the bureau said on Tuesday.

Japan, the world’s sixth-biggest wheat importer, keeps a tight grip on imports of the country’s second most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month. (Reporting by Michio Kohno; Editing by Anupama Dwivedi)

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