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Markets

South Korea's FLC bought 136,000 T corn in private deal - trade

Published Updated

The deal continued a surge in Korean corn purchasing this week.

Some 68,000 tonnes was purchased at $193.99 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading. The corn was for arrival in South Korea around Aug. 20 and seller was believed to be trading house Mitsui.

Another 68,000 tonnes was purchased at $192.99 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading.

The corn was for arrival in South Korea around Sept. 15 and seller was believed to be trading house Pan Ocean.

Copyright Reuters, 2019