South Korea purchased 134 thsd tons of feed corn
South Korean company Major Feedmill Group (MFG) purchased 134,000 tons of feed corn in two private deals, according to Zerno On-Line, citing European traders.
The first deal involved purchasing 68,000 tons of US-origin corn from Posco at $249.78 per ton C&F plus a $1.50 per ton surcharge for unloading at a second port, as well as at the March CBOT corn contract price plus 197 US cents per bushel. Delivery to South Korea is expected on February 20.
The second transaction involved the purchase of 66,000 tonnes of corn at a price of $250.49 per tonne C&F plus a $1.25 per tonne surcharge for unloading at a second port, as well as at the March CBOT corn contract price plus 198.3 US cents per bushel. Delivery to South Korea is expected on March 12.
Read also
Brazil poultry exports rise while pork shipments fall 11%
B50 and El Niño could lift crude palm oil prices in 2027
Brazil to harvest nearly 140 mln tons of corn, but domestic demand limits exports
Sweden begins selling pork from pigs raised on soy-free feed
Russia forced to transport grain thousands of kilometers to Arctic ports for export
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon