Markets
South Korea's MFG passes in 65,000 tonne feed wheat inquiry
- The wheat was sought for May/June shipment.
- The MFG was seeking to buy at around $275 a tonne c&f which was too low compared to selling offers around $290 to $295 a tonne c&f, traders said.
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HAMBURG: South Korea's Major Feedmill Group (MFG) is believed to have rejected offers and made no purchase in a private inquiry about purchasing about 65,000 tonnes of animal feed wheat made on Thursday, European traders said in initial assessments on Friday.
The wheat was sought for May/June shipment.
The MFG was seeking to buy at around $275 a tonne c&f which was too low compared to selling offers around $290 to $295 a tonne c&f, traders said.