South Korea's KFA gets offers in 65,000 T corn tender

HAMBURG: The lowest offer in the tender from the Korea Feed Association (KFA) on Friday for up to 65,000 tonnes of corn was $210.48 a tonne c&f, European traders said.

Negotiations continue and no purchase has yet been made, they said. But traders said the offers were apparently higher than the KFA had anticipated.

The offer was made for 66,000 tonnes and there is an additional $1.00 a tonne surcharge for additional port unloading.

Another offer was made at $210.97 with an additional $1.25 a tonne surcharge for additional port unloading.