April 2, 2020

Vietnam buys almost 55,000 tonnes Ukrainian corn

In the past days, importers in Vietnam have made an unusual purchase of roughly 55,000 tonnes of corn from Ukraine, according to European traders on Monday.

Some traders put the purchase higher at over 100,000 tonnes.

The price was estimated at about US$204 to US$205 a tonne c&f, one trader said.

"The purchase was said to be part of a move to diversify Vietnam's corn supplies, with concern about availability of South American corn during the coronavirus crisis while US corn grades are not favoured in Vietnam," one European trader said.

Ukraine is a major exporter of corn to Asia, especially to China.