Initial assessments by traders indicate that the lowest price offered in the first round of the tender for 350,000 metric tons of animal feed corn was $248.80 per metric ton, including freight.

Bek Tarim, a trading house, was said to have made the offer for shipment of 26,000 tons to 'the port of Tekirdag. Then, several trading houses offered $248.90 per ton for consignments going to various ports. The corn will be shipped between?March 9, 2019 and April 6, 2019, in consignments of 25,000 tons to a number of Turkish ports.

They said that no purchase had been reported. TMO has a tradition of negotiating in several rounds for tenders, aiming to get lower offers at each round.

The traders stated that corn already imported into Turkey and stored in customs-bonded warehouses could be offered, but domestic supplies cannot.

(source: Reuters)