February 1, 2007

Taiwan's MFIG buys 60,000 tonnes US corn in tender

Taiwan's Members Feed Industry Group, or MFIG, has bought 60,000 tonnes of US corn from trading house Cargill in a tender concluded Wednesday (Jan 31), a trader in Taipei said.

While 44,965 tonnes will be supplied at a premium of 149.3 US cents a bushel to the Chicago Board of Trade May contract, the remaining quantity will be sold at a flat price of US$221.50/tonne.

The shipment will reach Taiwan between March 1-15 if shipped from US Gulf or March 16-30 if shipped from Pacific Northwest.