South Korea's NOFI passes in 69,000 tonne corn tender

HAMBURG: South Korea's largest animal feed maker Nonghyup Feed Inc. (NOFI) made no purchase in an international tender which closed on Thursday to buy up to 69,000 tonnes of corn, European traders said.

Corn prices rose on Wednesday and Thursday, surprising some importers, after the US Department of Agriculture (USDA) confirmed expectations of massive US crops on Wednesday, traders said.