HAMBURG: The Korea Feed Association (KFA) purchased about 120,000 tonnes of corn to be sourced from optional origins in a tender that closed on Thursday, European traders said.
It was bought in two 60,000 tonne consignments.
The first consignment was bought at $223.42 a tonne c&f for arrival in South Korea around June 25.
The seller was trading house ETG and there is an extra $1.25 a tonne surcharge for additional port unloading.
Shipment of the first consignment is between May 22 and June 10 from the US Pacific North West Coast, between May 2 and May 21 from the US Gulf, April 27 to May 16 from South America, May 7-26 from South Africa and May 2-21 from east Europe.
The second consignment, for arrival around July 25, was bought at $221.19 a tonne c&f from Pan Ocean. There is an extra $1 a tonne surcharge for additional port unloading.
The second consignment is for shipment between June 21 and July 10 from the US Pacific North West Coast, June 1-20 from the US Gulf, May 27 to June 15 from South America, June 6-25 from South Africa and June 1-20 from east Europe.
The tender continues heavy corn buying by South Korean importers this week after purchases totalling 407,000 tonnes by NOFI and MFG.
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