Japan Buys 800,000 Tons of Corn From Ukraineas Cheaper U.S. Alternative – Bloomberg

Japan, the world’s largest corn importer, bought about 800,000 metric tons of the grain from Ukraine as a cheaper alternative to U.S. supply after the European nation removed a tax on exports last month.The purchase, made by five Japanese trading companies, was for shipments in November to March at about $20 a ton cheaper than U.S. corn, Nobuyuki Chino, president of Continental Rice Corp. in Tokyo, said in an interview today.

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