South Korea’s KFA buys about 64,000 tonnes of corn in tender - trade (updated)
11/03/2021 10:17
(Adds shipment periods from possible global origins)
HAMBURG, March 11 (Reuters) - The Korea Feed Association
(KFA) purchased around 64,000 tonnes of animal feed corn in an
international tender which closed on Thursday, European traders
said.
It was all purchased at an estimated $290.99 a tonne c&f
plus a $1.25 a tonne surcharge for additional port unloading,
traders said.
The seller was believed to be trading house Pan Ocean. It
was for arrival in South Korea around July 10.
The tender sought yellow corn in one consignment of 50,000
to 69,000 tonnes with the seller free to decide the volume
offered in this range.
Shipment is sought between June 6 and June 25 if the corn is
sourced from the U.S. Pacific Northwest Coast, between May 17
and June 5 if from the U.S. Gulf or Black Sea region/east
Europe, between May 12 and May 31 if from South America and
between May 22 and June 10 if from South Africa.
South Korea’s NOFI has also issued an international tender
to purchase up to 207,000 tonnes of animal feed corn closing on
Thursday. GRA/TEND
(Reporting by Michael Hogan. Editing by Mark Potter)
((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54;
Reuters Messaging:
michael.hogan.thomsonreuters.com@reuters.net))