Prospect of Asian corn import: buyers are still looking for Chinese corn

Introduction: Dow Jones news on June 3, traders said Monday that market players will continue to look for Chinese corn as they did last week However, traders will also purchase a considerable amount of American corn, on the one hand, because the quality of American corn is better, on the other hand, it is due to habits Although Chinese corn prices are not as low as they were a few months ago, people are still waiting to buy Chinese corn However, buyers did not ignore corn from other sources Kocopia, a South Korean Corn Processing Association, is bidding this week to buy 52500 tons of edible corn from an optional source Delivery at Incheon port on August 20 A kocopia official based in Seoul said they are not limited to purchasing Chinese corn, because American corn can guarantee their quality He added that any Chinese corn provided by the supplier must meet the quality level of US corn 2 Last week, NACF purchased 37500 tons of Chinese corn at CNF price of US $100.65-101.97 per ton, which arrived in October NACF also bought 53000 tons of US corn from the US at CNF price of US $109.90 per ton, which arrived at the end of August Mfig, one of Taiwan's main local forage raw material purchasing groups, is usually the buyer of American corn This week, mfig will hold a tender meeting to buy 56000 tons of American corn, scheduled for July Last week, Taiwan sugar company bought 25000 tons of US corn at US $115.62 per ton, CNF Taiwan price, which arrived in June The corn trade is likely to remain moderate this week as Thursday is a public holiday in South Korea, the main corn importer in Asia, whose corn imports will be temporarily suspended (author:) share to feed Weibo share to: