Taiwan buys Argentine corn

Taiwan's feed industry procurement association MFIG purchased about 65,000 tonnes of corn seen likely to be sourced from Argentina in an international tender which closed on Friday, European traders said.

The corn was all purchased at a premium of 156.75 US cents c&f over the Chicago July 2020 corn contract, traders said. Seller was believed to be trading house ECTP. Shipment was sought in 2020 between March 26 and April 14 if the corn is sourced from the US Gulf, Argentina or Brazil, they said. If sourced from the US Pacific Northwest coast or South Africa, shipment was sought between April 10 and April 29.