Vietnam buys about 55,000 tonnes corn from Ukraine

• Some traders put the purchase higher at over 100,000 tonnes.
• The price was estimated at about $204 to $205 a tonne c&f, one trader said.

HAMBURG: Importers in Vietnam have made an unusual purchase of about 55,000 tonnes corn from Ukraine in past days, European traders said on Monday.

Some traders put the purchase higher at over 100,000 tonnes.

The price was estimated at about $204 to $205 a tonne c&f, one trader said.

"The purchase was said to be part of a move to diversify Vietnam's corn supplies, with concern about availability of South American corn during the coronavirus crisis while US corn grades are not favoured in Vietnam," one European trader said.

Ukraine is a major exporter of corn to Asia, especially to China.