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

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

The corn was all bought at a premium of 116.50 U.S. cents c&f over the Chicago March 2020 corn contract, traders said.

The seller was believed to be trading house Amaggi.

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 Nov. 3 and Nov. 22 if the corn was sourced from the U.S. Gulf, Brazil or Argentina.