HAMBURG: South Korea's largest feedmaker Nonghyup Feed Inc (NOFI) purchased 138,000 tonnes of corn to be sourced from worldwide origins in an international tender that closed on Tuesday, European traders said.
The corn was purchased in two 69,000 tonne consignments at $206.96 a tonne c&f and $205.96 c&f. Both have an additional$1.25 surcharge for additional port unloading.
The seller was believed to trading house Cargill, they said.
Shipment of the first consignment for arrival around June 5 was sought for May 3-22 if sourced from the US Pacific Northwest coast, between April 13 and May 2 if sourced from the US Gulf or Eastern Europe, April 8-27 if from South America or between April 18 and May 7 if from South Africa.
Shipment of the second consignment for arrival around June 15 was sought between May 13 and June 1 if sourced from the US Pacific Northwest coast, between April 23 and May 12 if sourced from the US Gulf or Eastern Europe, between April 18 and May 7 if from South America or between April 28 and May 17 if from South Africa.
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