Japan: Strong Demand for SBS Rice Despite Tightened SBS Rice Tender Rules

The Japanese government has again revised the administrative rules for the Simultaneous Buy and Sell (SBS) tendering system. As of September 19, 2017, the sale, transfer or hand-over of SBS imported rice between importers and buyers is prohibited. The likely purpose of the revision is to prevent SBS rice from being distributed at prices lower than the government’s intended prices. Notwithstanding the rule change, the first SBS rice tender of the year for 25,000 MT was filled. 

Japan: Strong Demand for SBS Rice Despite Tightened SBS Rice Tender Rules