December 27, 2004

Taiwan Sugar Buys 35,000 MT US Corn From Mitsui

State-owned Taiwan Sugar Corp. bought 35,000 metric tons of No. 2 yellow corn from trading house Mitsui in a tender concluded Friday, said a Taipei-based trader who received the tender result.

Taiwan Sugar bought one cargo of corn at $113.75 a ton, free on board from the Pacific Northwest, the trader said.

The cargo is set to be shipped Jan. 19-Feb. 2, the trader said.

Mitsui can supply 5% more or 10% less of the tendered quantity.