South Korean groups buy total 180,000 tonnes soymeal

HAMBURG: Three South Korean buyers purchased a total 180,000 tonnes of soymeal to be sourced from optional origins in private deals on Tuesday, European traders said on Wednesday.

The Korea Feed Association (KFA) bought about 60,000 tonnes for shipment between Dec. 12, 2019, and Jan. 7, 2020, at $354.20 a tonne c&f from trading house Cofco.

The Major Feedmill Group (MFG) purchased about 60,000 tonnes for shipment between Jan. 1-31, 2020, at $354.20 a tonne c&f also from Cofco.

The Feed Leaders Committee (FLC) also bought 60,000 tonnes for shipment between Jan. 1-31, 2020, at $353.99 a tonne c&f from Bunge.

All the prices include surcharges for unloading in additional ports.