December 9, 2005
Philippines' San Miguel buys 78,000 tonnes corn
Major Philippine feed miller San Miguel Corp. bought 78,000 tonnes of yellow corn for December 2005/January 2006 arrival, according to traders.
Traders said the company bought 18,000 tonnes of Argentine corn and 60,000 tonnes of US corn for December and January delivery respectively.
No one at San Miguel was immediately available to comment on the transaction. Purchase prices were also not immediately available.