March 19, 2012

Taiwan purchases 60,000 tonnes Argentina's corn

The Maize Industry Procurement Association of Taiwan purchased around 60,000 tonnes of corn from Argentina in a tender, which closed on Friday (Mar 16), European traders said.

Price was said to be US$1.4041 a bushel c&f above the CBOT May corn futures contract. Seller was CHS.

The association, formerly known as Taiwan's Members Feed Industry Group (MFIG), had sought offers for 43,800 tonnes of corn from the US, 45,000 tonnes from Argentina or 47,500 tonnes from Brazil.

The tender had requested shipment for May 1-15 from the US Gulf Coast or South America, or for May 16-30 from the US Pacific Northwest coast.