South Korea’s MFG buys 50,000 to 60,000 mt of soymeal

HAMBURG: South Korea’s Major Feedmill Group (MFG) purchased an estimated 50,000 to 60,000 metric tons of soymeal in a tender on Tuesday, European traders said.

One consignment was bought from trading house Bunge expected to be sourced from South America, the United States or China at an estimated USD448.80 a ton cost and freight (c&f) included.

The volume to be supplied varies according to origin selected. One consignment was sought for arrival in South Korea around February 20, 2027. The soymeal was sought for shipment between December 19 and January 7 if sourced from South America, between February 1 and February 20 if from China or January 13 and February 1 if from the US Pacific Northwest coast.