South Korea’s NOFI buys about 200,000 tonnes corn - trade (updated)
20/11/2020 09:45
(Adds sellers, shipment periods from worldwide origins)
HAMBURG, Nov 20 (Reuters) - South Korea's largest animal
feed maker Nonghyup Feed Inc. (NOFI) purchased around 200,000
tonnes of corn in an international tender that closed on Friday,
European traders said.
The corn was bought in three consignments for 2021 arrival,
with all prices having an additional $1.25 a tonne surcharge for
port unloading, they said.
The first consignment of 66,000 tonnes for arrival around
April 30 was bought at an estimated $243.20 a tonne c&f from
trading house Pan Ocean, traders said.
If sourced from the U.S. Pacific Northwest coast, shipment
of the first consignment is sought between March 28 and April
16, if from the U.S. Gulf or east Europe between March 8 and
March 27, if from South America between March 3 and March 22 or
from South Africa between March 13 and March 22.
The second consignment of 68,000 tonnes for arrival around
May 15 was bought at $241.99 a tonne c&f, with Bunge believed to
be the seller.
If sourced from the U.S. Pacific Northwest coast, shipment
of the second consignment is sought between April 12 and May 1,
if from the U.S. Gulf or east Europe between March 23 and April
11, if from South America between March 18 and April 6 or from
South Africa between March 28 and April 16.
The third consignment of 66,000 tonnes for arrival around
May 25 was also bought at $241.99 a tonne c&f from trading house
ADM.
If from the U.S. Pacific Northwest coast, shipment of the
third consignment is sought between April 22 and May 11, if from
the U.S. Gulf or east Europe between April 2 and April 21, if
from South America between March 28 and April 16 or from South
Africa between April 7 and April 26.
Korean importer FLC also bought corn on Friday. 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))