Nobuyuki Chino News
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Japan, the largest corn buyer, will probably boost U.S. imports after cutting its reliance on American grain to the lowest-ever level, as Chicago futures entered a bear market, industry officials said.
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Rice in Japan rallied to a six-year high amid the best crop since 2008, boosting demand for cheaper overseas supply and raising questions about a government policy that protects producers.
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A shipment of U.S. corn rejected by China on the grounds that it contained a genetically modified strain not approved in the country may be resold to Japan for livestock feed, Unipac Grain Ltd. said.
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The worst U.S. drought in more than half a century will spur Japan, the world’s biggest corn importer, to buy a record amount from Brazil after record prices increased costs for feed makers and meat producers.
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Japan, the world’s largest corn importer, is set to spend $20 million to help feed mills boost stockpiles and safeguard food security as the nation shifts purchases from the U.S. to Ukraine and Brazil.
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Japan, the world’s biggest corn importer, may buy the fewest cargoes in a quarter century as concern about radiation-tainted meat curbs livestock production.
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Rice farmers near Japan’s crippled Fukushima nuclear plant will impose radiation safety limits that will only clear grains with levels so low as to be virtually undetectable after government-set standards were viewed as too lenient, curbing sales.
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Japan, the world’s largest corn importer, doubled grain purchases from Europe in the past two months, heading for a record volume from the region this year, as local feed mills seek cheaper alternatives to U.S. supply.
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Canada couldn’t offer wheat to Japan at today’s tender because it is seeking to resolve “some logistical issues” with the buyer, said Derek Sliworsky , general manager at the Canadian Wheat Board in Tokyo.
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Canada, the third-largest supplier of wheat to Japan, ruled out supplying the grain to the Asian nation because of quality and shipment problems, highlighting the tightness in supplies of high-protein wheat.
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