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South Korea's MFG bought 69,000 T corn in private deal this week

Published Updated

HAMBURG: South Korea's Major Feedmill Group (MFG) purchased around 69,000 tonnes of corn to be sourced from optional origins worldwide in a private deal this week without an international tender being issued, European traders said on Thursday.

The corn was purchased at $204.99 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading.

Seller was believed to be trading house Dreyfus. It was for arrival in Korea around July 2.

Copyright Reuters, 2019
 

 

 

 

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