Lu presented the global corn market outlook to MFIG, a feed purchasing group in Taiwan. MFIG holds a public tender each month for the bulk purchase of corn. Due to COVID-19, the 33 MFIG members have been holding virtual tenders. A quarter of Taiwan’s corn import volume was purchased through tender outcry.
About The U.S. Grains Council
The U.S. Grains Council develops export markets for U.S. barley, corn, sorghum and related products including distiller’s dried grains with solubles (DDGS) and ethanol. With full-time presence in 28 locations, the Council operates programs in more than 50 countries and the European Union. The Council believes exports are vital to global economic development and to U.S. agriculture’s profitability. Detailed information about the Council and its programs is online at www.grains.org.