Japanese feedmillers tap into country’s emergency corn stockpiles

20.02.2017

Japan’s feed millers are expected to tap into the country’s emergency stockpiles of corn as inventories decline to critically low levels due to a delay in shipments from the US. Japan’s Ministry of Agriculture, Forestry and Fisheries plans to approve the measure after heavy storms in the northwestern US caused lengthy delays to grain loadings. Japan, the world’s top corn importer, is projected by USDA to import 15 million tonnes in the 2016/17 crop year.

“We have received a request from one Japanese feedmaker to use a few thousand tonnes of corn in emergency stockpiles from the end of February due to the recent delays in shipment,” Takanari Ishibashi, Deputy Director of Feed Department told Reuters. Japan’s feed millers are required to hold emergency stocks of 850,000 tonnes of feed grains, mainly corn, which is equivalent to about one-month’s local demand. The companies need to seek approval from the government to use them in an emergency.


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