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South Korea's MFG buys 69,000 tonnes corn

It was bought at $180.50 a tonne c&f including a surcharge for additional port unloading. The corn is arri
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By Reuters
  • It was bought at $180.50 a tonne c&f including a surcharge for additional port unloading.
  • The corn is arrival in South Korea around Oct. 15 with shipment from South America between Aug. 16 and Sept. 5. Seller was believed to be trading house Bunge.

HAMBURG: South Korea's Major Feedmill Group (MFG) purchased an estimated 69,000 tonnes of corn in a private deal expected to be sourced from South America without an international tender being issued, European traders said on Friday.

It was bought at $180.50 a tonne c&f including a surcharge for additional port unloading.

The corn is arrival in South Korea around Oct. 15 with shipment from South America between Aug. 16 and Sept. 5. Seller was believed to be trading house Bunge.

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