South Korea’s KFA Incheon buys about 65,000 tons of corn

HAMBURG: The Incheon section of the Korea Feed Association (KFA) in South Korea purchased around 65,000 metric tons of animal feed corn in a private deal on Friday without an international tender being issued, European traders said.

The KFA’s Incheon section is also called the Feed Buyers’ Group. The corn was said to have been purchased at an estimated $240.70 a ton cost and freight (c&f).

Seller was believed to be trading house Pan Ocean. The corn was for arrival in South Korea around May 25. It can be sourced from any worldwide origins but excluding the Black Sea region.