South Korea’s FLC purchases about 65,000 t of feed wheat from the U.S.
The Feed Leaders Committee of South Korea (FLC) purchased approximately 65,000 metric tonnes of animal feed wheat from the United States on Wednesday in a private transaction without issuing a tender to international buyers, European traders reported.
Wheat was estimated to have cost $249.99 per ton, c&f. Plus a $1.50 surcharge per ton for port unloading. Trading house Pan Ocean was thought to be the seller.
If the shipment originates from the U.S. Pacific Northwest Coast, it will arrive in South Korea between April 15 and May 1.
The reports reflect the opinions of traders, and it is still possible to estimate prices and volume later.
The deal was made after a separate purchase of 65,000 tonnes of feed wheat by South Korean importer NOFI on Wednesday at the same price. Michael Hogan reported the story.
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
EU GM-corn import approval to put more pressure on Ukrainian exporters from US and...
Trump’s tariffs pose less of a threat to Ukraine than the loss of trade priv...
Prices for feed barley in Ukraine have decreased, while prices for brewing barley ...
Japan Considers Boosting US Soybean Imports Amid Tariff Talks
Trade war worries could add a few acres of corn
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon