October 4, 2004

Taiwan MFIG Buys 56,000 MT US Corn From Toepfer In Tender

Taiwan's Members Feed Industry Group bought 56,000 metric tons of U.S. No. 2 yellow corn from trading house Toepfer in a tender concluded Friday, said a Taipei-based trader.

MFIG bought 19,780 tons at $143.51 a ton and 36,220 tons at 151.50 U.S. cents per bushel over the Chicago Board of Trade March corn futures, the trader said. Both prices are on a cost and freight basis.

The cargo is set to be shipped either between Nov. 15-29 from the U.S. Gulf, or between Nov. 30-Dec. 14 from the Pacific Northwest.

Toepfer will have the choice to provide 5% more or less of the tendered quantity.