Japan: Japan Creates New SBS Import Category for Wheat
Japan will introduce a new Simultaneous Buy-and-Sell (SBS) import category in October of this year covering all wheat classes. Japan’s Ministry of Agriculture, Forestry and Fisheries’ (MAFF’s) intent is reportedly to expand flexibilities for Japanese flour millers to purchase diversified classes and specifications of wheat at competitive prices. Up to 200,000 MT per year of wheat can be imported in either bulk or containerized shipments under the new Category III (but imports under Category III are not obligatory if the general import system or another SBS category can be utilized).
