Feed corn prices increased significantly at the auction in Iran.

Iran's State Livestock Products Supply Company (SLAL) has reportedly purchased around 180,000 tons of feed corn at an international tender, with a planned 120,000 tons to be delivered in October and November, reported the online publication APK-Inform, citing its sources among market participants. Three batches of 60,000 tons each were purchased at an approximate price of 235 euros (278.50 dollars) per ton. For comparison – in the previous successful tender for the import of feed corn to Iran, held at the end of May, the delivery of 240,000 tons was agreed upon, with a planned 120,000 tons at a final price, and at the tender in South Korea a week ago, a total of 130,000 tons were purchased at prices between 232.10 dollars and 245.51 dollars C&F with a premium of 204.4 cents per bushel over the December corn futures on the Chicago Board of Trade. SLAL was seeking corn from Brazil, Europe, Ukraine, and other countries in the Black Sea region. Payment will be made through an Iraqi ...