European traders reported on Tuesday that Taiwan's MFIG buying group had issued an international tender for up to 65,000 metric tonnes of animal feed corn, which could be sourced in the United States, Argentina Brazil or South Africa.

According to the announcement, the deadline for submitting price offers is Wednesday 30th July.

MFIG is seeking price offers for a consignment between 40,000 and 65,000 tons of yellow corn at a premium to the Chicago December 2025 Corn Contract.

Traders said that if corn comes from the U.S. Gulf region, Brazil, or Argentina then shipments are needed between September 26 and 15th.

Shipments from the U.S. Pacific Northwest Coast or South Africa are required between October 11-30.

Traders said that due to concerns over poor quality, Argentine Corn will only be accepted if the price is at the lowest offered, and the bushel price must be at least four cents below the next cheapest offering from another origin.

After U.S. corn prices hit a

Two-week low

On Monday, the U.S. grain belt was forecast to be a crop-friendly area with a large harvest.

The Feed Leaders Committee of South Korea (FLC), has also released an international tender for the purchase of up to 69,000 tonnes animal feed corn that will close on Tuesday.

The last report

corn tender

On June 11, the MFIG Group purchased approximately 65,000 tons feed corn that was expected to come from Brazil. (Reporting and editing by Louise Heavens, Michael Hogan)

(source: Reuters)