- Tunisia secures 25,000 tons of feed corn via ODC tender at $258.75/MT C&F for March 2024 delivery.
- Technical compliance trumps lowest price, as a cheaper $256.99/MT offer was rejected for failing specs.
- Demand remains steady in North Africa, with the purchase open to any origin, supporting Black Sea corn sentiment.
- Market tone is neutral to slightly bullish for Black Sea exporters amid ongoing Mediterranean import activity.
Tunisia Feed Corn Tender Results
The Tunisian State Grain Agency (ODC) has finalized a purchase of approximately 25,000 tons of feed corn through an international tender held on February 17. VA Intertrading won the tender at a price of $258.75 per ton C&F for a single shipment scheduled for March 2024 delivery. The corn can be sourced from any origin, providing suppliers with flexibility in execution.
| Item | Volume (tons) | Price (C&F, $/MT) | Delivery |
|---|---|---|---|
| Winning offer (VA Intertrading) | 25,000 | $258.75 | March 2024 |
| Lowest rejected offer | 25,000 (approx.) | $256.99 | March 2024 |
Market Context and Implications
The tender attracted competitive pricing, with the lowest bid at $256.99/MT C&F ultimately rejected on technical grounds. This outcome underscores Tunisia’s focus on contract compliance and execution reliability over marginal price savings. The allowed “any origin” clause keeps the door open to a wide supplier base, including Black Sea, South American, and other exporters.
Although the 25,000-ton volume is modest, it confirms ongoing import demand from North Africa during the March shipment window. Given Tunisia’s traditional reliance on Black Sea supplies, the concluded price level of $258.75/MT C&F is neutral to slightly supportive for Black Sea corn values, particularly if Ukrainian or Russian origins compete in similar Mediterranean tenders in the near term.
Source: Market Data
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