South Korea purchased over 130 thsd tons of corn at a tender $4-5/ton cheaper than in January
According to market operators, the leading South Korean animal feed manufacturer FLC purchased about 132 thousand tons of feed corn of any origin at an international tender on February 20.
The following lots were contracted at the auction:
- 65 thousand tons from the operator Pan Ocean with delivery by June 5, 2026 at a price of $245.97/ton C&F (+$1.25/ton for additional unloading at the port),
- 67 thousand tons from the Mitsui trading house with delivery by June 25, 2026 at a price of $244.99/ton C&F (+$1.5/ton for additional unloading at the port).
Recall that in January tenders, South Korean processors bought corn at $249-250/t C&F.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon