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South Korea's FLC bought 68,000 tonnes corn in deal on Monday

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By Fawad MaqsoodReuters

HAMBURG: South Korea's Feed Leaders Committee (FLC) purchased about 68,000 tonnes of corn in a private deal on Monday without issuing an international tender, European traders said on Wednesday.

The corn was purchased at around $189.89 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading.

Seller was believed to be trading house Glencore. It was for arrival in Korea around Nov. 15.

The FLC also bought 65,000 tonnes corn in a private deal on Friday at $191.49 a tonne c&f.

Copyright Reuters, 2019

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