South Korea's MFG passes in 68,000 T feed wheat tender

• The lowest offer was said to be $213.65 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading submitted by trading house Cofco.
• The wheat was sought for arrival in October.

HAMBURG: South Korea's Major Feedmill Group (MFG) rejected all offers and made no purchase in a tender for up to 68,000 tonnes of feed wheat which closed on Wednesday, European traders said.

Prices offered were regarded as too high.

The lowest offer was said to be $213.65 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading submitted by trading house Cofco.

The wheat was sought for arrival in October.