South Korea tenders to buy rice

HAMBURG: South Korea’s state-backed Agro-Fisheries & Food Trade Corp has issued an international tender to purchase an estimated 56,944 metric tons of rice to be sourced from China, European traders said on Monday.

The deadline for price offers is December 30. The tender seeks non-glutinous brown short-grain rice. Arrival in South Korea is sought in three consignments between April 30 and June 30.

Results of the tender may not be known for some weeks after price submissions, traders said. The corporation often requires rice samples to be sent to Korea for analysis before making a final award, traders said.