South Korea purchased soybean meal
On July 1, South Korean Nonghyup Feed Inc. (NOFI) purchased 50,000-60,000 tons of soybean meal from Cofco in a private deal, Reuters reported.
The price is $391.45 C&F plus a $1.50 per ton surcharge for unloading at a second port.
The meal can be sourced from South America, China, or the United States. Delivery to South Korea is scheduled for November 15.
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