South Korea's KOCOPIA buys about 60,000 tonne corn from US

HAMBURG: South Korea's Korea Corn Processing Industry Association (KOCOPIA) purchased about 60,000 tonnes of yellow corn which is likely to be sourced from the United States in a tender which closed on Friday, European traders said.

The corn was purchased at $191.77 a tonne c&f including surcharge for additional port unloading, they said.

The grain can genetically-modified organisms (GMOS), they said.

It is for shipment in 2017 between March 5-25 from the US Pacific North West coast or between Feb. 13 to March 5 from the US Gulf with arrival in South Korea around April 10, they said. Seller was Pan Ocean, they said.