• Japan Resumes SBS Tenders

    Dec 13, 2016
    Japan’s Ministry of Agriculture (MAFF) announced earlier this week that rice import tenders under the Simultaneous-Buy-Sell system (SBS) will resume on December 13. SBS tenders were halted in October following reports in the Japanese press of “adjustment money” being paid by rice importers to wholesalers and distributors in Japan. Concern arose about the price impact and legality of such payments. A MAFF investigation found no negative impact, but changes were made to tendering procedures and guidelines.
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