Japan, world’s top corn importer, buys more US corn

Japan has purchased 1.8 million tonnesof US feed-grade corn for April-June shipment stepping up purchases from the world’s top exporter after a delay in this quarter’s shipments from Ukraine, trading executives said.

The country is the world’s top importer, buying around 3.3 million tonness of feed grade corn alone every quarter.

"It covered more than 45% of its January-March needs with European buys, but the bulk of its purchases for April-June have been from the U.S.," an executive said on the sidelines of a grain conference.