South Korea’s NOFI buys estimated 133,000 T corn, traders say
European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 133,000 metric tonnes of animal feed corn at an international auction on Tuesday.
Two consignments of corn were purchased.
The estimated price was $236.19 per ton, cost and freight included. Plus a $1.50 surcharge per ton for port unloading. The seller was thought to be Cofco, a trading house.
The second purchase was made at an estimated price of $235.99 per ton, c&f. Plus a $1.25 surcharge per ton for port unloading. Seller was thought to be Pan Ocean.
South Korea is aiming to import corn in March 2025. The reports reflect the assessments of traders, and future estimates of volumes and prices are possible. Michael Hogan is reporting.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
BLACK SEA OIL TRADE: Straight Talk on the 2024/25 Season and 2025/26 Projections
EU and Ukraine have reached an agreement on the renewal of the free trade agreemen...
Analysts forecast an increase in the global wheat harvest in 2025/26. This will cu...
Romania, following Moldova, continued licensing the import of agricultural product...
Rains in Brazil cause problems with corn harvest
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon