Taiwan’s MFIG buys about 65,000 tonnes corn from Argentina

HAMBURG: Taiwan’s MFIG purchasing group bought about 65,000 tonnes of animal feed corn, expected to be sourced from Argentina in an international tender which closed on Wednesday, European traders said.

The corn was purchased in a single consignment, at an estimated premium of 264.12 US cents a bushel c&f over the Chicago September 2021 corn contract, they said.

The seller was believed to be trading house Cargill, they said.

Shipment in the tender is sought between May 27 and June 15 if the corn is sourced from the US Gulf, Brazil or Argentina, they said.