South Korea buys feed wheat
Today, August 5, South Korea’s Major Feedmill Group (MFG) purchased 65,000 tonnes of feed wheat from the US in a private deal with Pan Ocean.
The purchase price was $261.75 C&F plus a $1.25 per tonne surcharge for unloading at a second port. The wheat will arrive in South Korea by November 7, 2025.
Prices for US red wheat are now lower than a year earlier. “Importers are looking for the lowest cost and largest volume suppliers of wheat. It is not surprising that US wheat sales to Asia are growing,” said an unnamed European trader. “Unexpectedly high prices for the new crop are preventing Ukraine and Russia from selling their wheat in Asia.”
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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