October 8, 2013
Taiwan buys 60,000 tonnes of Brazilian corn from Cargill
Taiwan Maize Industry Procurement Association has purchased a shipment of 60,000 tonnes of Brazilian corn from Cargill.
Traders said that the shipment is scheduled between November 26 and December 10, with prices fixed at an additional US$1.57/bushel above March futures contract prices on CBOT.
Taking advantage of the latest fall in corn prices, Asian buyers are ramping up imports of corn.