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Japanese firms have yet to purchase excess U.S. corn

Mainichi reported that although more than two months have elapsed since President Trump announced with Prime Minister Abe in France in late August that Japan plans to buy surplus U.S. corn, no local agents have done so. According to the daily, no importers have applied for the monetary incentives that the Agriculture Ministry instituted in August for “emergency imports” of foreign crops to compensate for a shortage of corn for animal feed that the ministry had anticipated due to insect damage. The importers reportedly stressed that there is currently no concern about supplies. They are also apparently hesitant to purchase U.S. corn since it requires extra processing for use as animal feed. The paper said the GOJ appears to be keeping a low profile on the matter out of fear that Washington might be displeased if it learns that there is little demand for U.S. corn in Japan.

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