Israeli group bought 30,000 tonnes of corn in tender

HAMBURG: A group of Israeli private buyers bought at least 30,000 tonnes of corn in a tender which closed on Wednesday, European traders said.

The corn was expected to be sourced from the Black Sea region. The tender had sought offers for up to 90,000 tonnes of corn.

It was purchased at around $172.80 a tonne c&f for November/December shipment. The group also purchased about 13,000 tonnes of feed wheat at around $182 a tonne c&f, they said.

The tender had sought up to 50,000 tonnes of wheat for shipment between November 2017 and February 2018 if sourced from the Black Sea region.

No purchase was believed to have been made of 20,000 tonnes of feed barley also tendered for. Barley offers were said to be above $180 a tonne c&f.