November 13, 2008

                        
Taiwan makes purchase of 55,000 tonnes of Brazilian corn
                   

 

Taiwan's Maize Industry Procurement Association had sealed a deal on Wednesday (November 12, 2008), to buy 55,000 tonnes of Brazilian corn from Glencore, according to a trader.

 

The group had originally tendered for 43,300 tonnes of US corn and 40,800 tonnes of South American corn, but decided on Wednesday to buy a cargo from Brazil.

                               

The tender was sealed on a C&F basis.
                    

Tonnage

Location/ Date

Price

Brazil port

45,650

Dec 26 - Jan 10

US$0.749/bushel+CBOT Mar

9,350

Dec 26 - Jan 10

US$184.14/tonne