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.

They said that the deadline for submitting price offers to the tender is on Wednesday, October 15.

MFIG is seeking price offers for a consignment between 40,000 to 65,000 tons of yellow corn at a premium compared to the Chicago March 2026 Corn Contract.

The corn must be sourced from Brazil, Argentina or the U.S. Gulf by December 11, 2025.

Shipping is required between December 26, 2020 and January 14, 2026 if the product comes from South Africa or the Pacific Northwest Coast of America.

Traders said that due to concerns over poor quality, Argentine Corn will only be accepted if the price is at the lowest offered, and at least four cents per bushel lower than the next cheapest offer of corn from another origin. (Reporting and editing by Joe Bavier; Michael Hogan)

(source: Reuters)