HAMBURG: South Korea's Feed Leaders Committee (FLC) purchased about 66,000 tonnes of corn to be sourced from optional origins worldwide in a private deal on Thursday, without issuing an international tender, European traders said on Friday.
The deal bought reported South Korean corn purchasing on Thursday to some 204,000 tonnes as major Korean importers resumed work after the holiday break.
Other deals were reported from feedmaker NOFI and the Major Feedmill Group (MFG).
Some 55,840 tonnes was purchased by the FLC on Thursday at the outright price of $209.70 a tonne c&f plus a $1.00 a tonne surcharge for additional port unloading.
The remaining 10,160 tonnes was bought at a premium of $1.505 over the Chicago March corn contract.
The seller to the FLC was said to be trading house CHS.
The corn was for arrival in South Korea around April 20.
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