South Korea buys feed corn

Today, August 6, South Korean Major Feedmill Group (MFG) held a tender to purchase 140 thousand tons of feed corn from South America or South Africa.
In fact, 68 thousand tons of feed corn on a C&F basis were purchased from Bunge. According to traders, the grain will be delivered to South Korea from South America by November 15, 2025.
According to the terms of the tender, the first batch should be shipped from South America on September 7-26 or from South Africa on September 22-October 11 and arrive in South Korea by November 10, 2025. The second batch should be shipped from South America on September 12-October 1 or from South Africa on September 27-October 16 and arrive in South Korea by November 15, 2025.
Traders reported that there are currently few offers to sell corn in South American ports, which has made it difficult to participate in the tender and reduced the final purchase volume.
The incentive for Asian importers to purchase corn was a decline in corn futures contracts due to optimistic harvest forecasts in the United States.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
Corn and Soy in the Green. Friday, Sept. 5, 2025
Myande Group – Platinum Sponsor of BLACK SEA OIL TRADE-2025
China will be able to do without American soybeans until at least the end of 2025
Wheat crisis looms in Pakistan as Punjab floods destroy 30% of stocks
Australia says deal to export canola to China nearing completion
Write to us
Our manager will contact you soon