South Korea's NOFI and FLC buy 133,000 tonnes of corn

• The seller was believed to be trading house CHS and the corn can be sourced from any worldwide origins.
• The FLC's corn is expected by traders to be sourced from the Black Sea region with shipment between March 15 and April 15.

HAMBURG: South Korean importers Nonghyup Feed Inc. (NOFI) and the Feed Leaders' Committee (FLC) purchased a total of about 133,000 tonnes of corn in separate deals on Tuesday without issuing international tenders, European traders said on Wednesday.

The deals continued firm demand for corn from Korean importers this week, including 135,000 tonnes of corn bought by the Major Feedmill Group (MFG) on Tuesday.

NOFI purchased about 65,000 tonnes at around $211.54 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading for arrival in South Korea around May 30.

The seller was believed to be trading house CHS and the corn can be sourced from any worldwide origins.

The FLC purchased about 68,000 tonnes at around $211.74 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading for arrival in South Korea around May 20.

Seller was believed to be trading house Glencore.

The FLC's corn is expected by traders to be sourced from the Black Sea region with shipment between March 15 and April 15.