Indonesia buys about 150,000 tonnes South American corn - trade

HAMBURG: Indonesian state food procurement agency Bulog bought about 150,000 tonnes of corn to be sourced from South America in an international tender which closed this week, European traders said on Wednesday.

One consignment of about 40,000 tonnes was bought at around $215 a tonne c&f, another of about 50,000 tonnes was also bought at around $215 a tonne c&f and the rest was bought at about $217.50 a tonne c&f.

The corn should be sourced for Argentina and/or Brazil and should arrive by March 31.