South Korea’s FLC purchases 65,000 T of corn in a private deal, traders claim
The Feed Leaders Committee of South Korea (FLC) bought around 65,000 tons of animal feed in a private transaction on Monday, without launching an international tender. European traders confirmed this on Tuesday.
The United States and South America were expected to supply the product.
The corn cost was estimated at $238.49 per ton, including freight and a $1.50 surcharge per tonne for port unloading. Seller was thought to be Posco trading house.
Arrival in South Korea was scheduled for around February 28, 2025. If the shipment originated from the U.S. Pacific Northwest Coast, it was made between Jan. 15 to Feb. 13
The reports reflect the assessments of traders, and it is still possible to estimate prices and volume later. Michael Hogan is reporting.
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!!!
Read also
Palm oil prices are expected to continue rising after a short-term correction
Georgia reduced wheat imports in April
Brazilian soyabean oil exports jump 47% amid record crop and weak domestic demand
Zimbabwe plans new grain import levies to strengthen food security
Global vegetable oil production to hit record high again – USDA
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon