HAMBURG: South Korea's Major Feedmill Group (MFG) is believed to have rejected all offers and made no purchase in a tender for up to 70,000 tonnes of feed wheat which closed on Tuesday, European traders said.

Offers were regarded as too high.

Lowest offer was thought to be around $255 a tonne c&f.

The tender had sought wheat sourced from worldwide origins for arrival in South Korea around Jan. 30, 2021.