Japan delays corn imports

Japanese corn importers are delaying the purchase of the grain after the March 11 earthquake and tsunami damaged ports in the nation’s northeast, suspending unloading operations from vessels, said Nobuyuki Chino, president of Unipac Grain Ltd.“

Japanese companies have not made deals to buy corn since the quake hit the nation,” Chino, was reported to have said. “They need to assess how demand for the grain may change after the incident.” Japan is the world’s largest importer, importing about 12 million metric tons of corn for feed production annually and secures about 90 percent of the grain from the US, the largest exporter. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.