HAMBURG: South Korea’s Feed Leaders Committee (FLC) has issued an international tender to purchase up to 69,000 metric tons of animal feed corn, European traders said on Tuesday. The deadline for submission of price offers in the tender is also Tuesday, June 2, and arrival in South Korea is sought in one consignment around October 20.
Shipment is sought between September 1 and September 30 if sourced from the US Pacific Northwest coast, between August 12 and September 10 if sourced from the US Gulf, August 7 and September 5 if from South America, or August 22 and September 20 if from South Africa. The tender continues brisk corn purchasing by Korean importers in the past week.
Traders said some importers had delayed purchases in the hope that commodity prices would fall if a US-Iran peace deal was reached, though that remains elusive.
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