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HAMBURG: South Korea's Feed Leaders Committee (FLC) purchased about 136,000 tonnes of corn to be sourced from optional origins in a private deal on Thursday without issuing an international tender, European traders said on Friday.
The deal continued a surge in Korean corn purchasing this week.
Some 68,000 tonnes was purchased at $193.99 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading. The corn was for arrival in South Korea around Aug. 20 and seller was believed to be trading house Mitsui.
Another 68,000 tonnes was purchased at $192.99 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading.
The corn was for arrival in South Korea around Sept. 15 and seller was believed to be trading house Pan Ocean.
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