Markets

South Korea's MFG buys around 125,000 tonnes corn

Published April 9, 2018 Updated April 9, 2018 11:57am

It was purchased in two consignments for September arrival in South Korea.

The first consignment of 65,000 tonnes was purchased at about $220 a tonne c&f for arrival around Sept. 15, and the seller was trading house Cargill.

There is an extra $1.50 a tonne surcharge for additional port unloading.

The second consignment of about 60,000 tonnes was purchased at $219.75 a tonne c&f for arrival around Sept. 30, and the seller was trading house Avere.

There is an extra $1.25 a tonne surcharge for additional port unloading.

 

Copyright Reuters, 2018