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South Korea's MFG buys 70,000 tonnes corn in tender

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By Fawad MaqsoodReuters

HAMBURG: South Korea's Major Feedmill Group (MFG) purchased about 70,000 tonnes of corn in an international tender for up to 210,000 tonnes which closed on Tuesday, European traders said.

The corn was expected to be sourced from South America.

It was bought in one consignment at $206.99 a tonne including a surcharge for additional port unloading.

It was for shipment from South America between Sept. 21 to Oct. 20 for arrival in Korea around Nov. 30. Seller was said to be CJ International.

South Korea's NOFI also bought 68,000 tonnes of corn in a tender on Tuesday.

Copyright Reuters, 2019

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