South Korea’s NOFI said to buy 131,000 tonnes of feed wheat (updated)
25/03/2021 11:12
(Adds detail, precise total bought, shipment periods from
possible world origins)
HAMBURG, March 25 (Reuters) - South Korea's largest
feedmaker Nonghyup Feed Inc. (NOFI) is believed to have bought
an estimated 131,000 tonnes of animal feed wheat to be sourced
from worldwide origins in an international tender that closed on
Thursday, European traders said.
The wheat was purchased in two consignments.
One of 66,000 tonnes was bought at an estimated $287.00 a
tonne c&f plus a $1.25 a tonne surcharge for additional port
unloading from Pan Ocean.
The first consignment is sought for arrival in South Korea
around Aug. 5. If sourced from the U.S. Pacific Northwest coast,
Australia or Canada, shipment of the first consignment is sought
between July 3 and July 22. If sourced from the U.S. Gulf coast
or east Europe, shipment is sought between June 13 and July 2.
If from South America, between June 8 and June 27.
The second consignment of 65,000 tonnes was bought at an
estimated $268.49 a tonne c&f plus a $1.25 a tonne surcharge for
additional port unloading from Viterra, traders said.
The second consignment is sought for arrival in South Korea
around Sept. 25.
If sourced from the U.S. Pacific Northwest coast, Australia
or Canada, shipment is sought between Aug. 23 and Sept. 11. If
sourced from the U.S. Gulf coast or east Europe, shipment is
sought between Aug. 3 and Aug. 22. If from South America,
between July 29 and Aug. 17.
South Korean importers have been active feed wheat buyers
this week, with Korea's Major Feedmill Group (MFG) also
purchasing another 66,000 tonnes after NOFI's tender on
Thursday. urn:newsml:reuters.com:*:nL8N2LN3T8
(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))