South Korea buys corn, Taiwan tenders for corn

26.04.2017

Snapshot of the global export markets for grains, oilseeds and edible oils as reported by government and private sources as of end of business on Monday:

CORN PURCHASE: South Korea’s Feed Leaders Committee (FLC) purchased about 65,000 tonnes of corn to be sourced from optional origins in a deal late last week, European traders said.

FEED WHEAT PURCHASE: Malaysian interests have in past days purchased an unknown volume of feed wheat from Moldova in east Europe for May shipment in containers, European traders said on Monday.

CORN TENDER: Taiwan’s MFIG purchasing group has issued an international tender to buy 40,000 to 65,000 tonnes of corn which can be sourced from the United States, Argentina, Brazil or South Africa, European traders said. The tender closes on April 26, they said. Shipment is sought in July.

DURUM TENDER: Algeria’s state grains agency OAIC has issued an international tender to purchase a nominal 50,000 tonnes of durum wheat, European traders said. The tender closes on April 26, they said. Shipment was sought in the first and second half of June. Volumes in Algeria’s tenders are nominal and the country frequently purchases more than the volumes initially sought.

FEED GRAIN TENDER: A group of Israeli private buyers has issued international tenders to purchase up to 100,000 tonnes of corn, 45,000 tonnes of feed wheat and 30,000 tonnes of feed barley all to be sourced from optional origins, European traders said. The tenders close on April 26, traders said.

PENDING TENDERS:

WHEAT TENDER UPDATE: The lowest price offer in a tender from Iraq’s state grains board for at least 50,000 tonnes of hard wheat was from Russia, an origin not permitted under the tender terms, European traders said. The tender had requested wheat sourced only from the United States, Canada or Australia, they said. No purchase was believed to have been made and negotiations continue.

RICE TENDER: Iran’s state grains buyer GTC issued tenders to buy at least 65,000 tonnes of rice from Thailand and India, signaling a return to seeking international bids after the easing of sanctions, European traders said. Traders said Iran had largely purchased rice through lengthy direct negotiations before the relaxation of Western sanctions, which were imposed over the nation’s nuclear program. The new tenders, with a closing date of April 18, sought 50,000 tonnes from Thailand and 15,000 tonnes from India for May shipment.

CORN TENDER: Turkey’s state grain agency TMO has issued an international tender to purchase and import up to 44,000 tonnes of animal feed corn to be sourced from the European Union and Moldova. The tender closes on April 25, with offers having to remain valid until April 26.

WHEAT AND CORN TENDER UPDATE: A Libyan state grain buying agency again delayed the offer deadline in an international tender to purchase 100,000 tonnes of milling wheat, 50,000 tonnes of durum wheat and 75,000 tonnes of yellow corn, this time until May 9, European traders said. The tenders were originally issued in February but have been repeatedly postponed. Shipment of the grains was originally sought in April and May.


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