HAMBURG: The Korea Feed Association (KFA) purchased about 130,000 tonnes of corn in an international tender for up to 136,000 tonnes which closed on Monday, European traders said. The KFA’s Incheon section purchased the corn in two consignments each of about 65,000 tonnes, both at an estimated $334.17 a tonne c&f, traders said.

Seller was believed to be trading house Viterra. The first consignment was sought for arrival around March 30. Shipment was sought between Feb. 24 and March 15 if the corn is sourced from the US Pacific Northwest coast, between Feb. 4-23 if from the US Gulf or Black Sea region/east Europe, between Jan. 30 and Feb. 18 if from South America and Feb. 9-28 if from South Africa.

The second consignment was sought for arrival around April 20. Shipment was sought between March 16 and April 5 if the corn is sourced from the US Pacific Northwest coast, between Feb. 28 and March 16 if from the US Gulf or Black Sea region/east Europe, between Feb. 19 and March 11 if from South America and between March 1-20 if from South Africa.