Taiwan's MFIG buys 65,000 tonnes of corn from Brazil

HAMBURG: Taiwan's feed industry procurement association MFIG purchased about 65,000 tonnes of corn expected to be sourced Brazil in an international tender which closed on Tuesday, European traders said.

The corn was all bought at a premium of 101.08 U.S. cents c&f over nearby Chicago corn futures, traders said.

The tender had sought yellow corn sourced from either the United States, Brazil, Argentina or South Africa. Only corn from Brazil was offered in the tender, traders said.

The tender had sought shipment between Oct. 10 and Oct. 29 if the corn is sourced from the U.S. Gulf, Brazil or Argentina.

If sourced from the U.S. Pacific Northwest coast or South Africa, shipment was sought between Oct. 25 and Nov. 13.