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South Korea's MFG purchases another 68,000 T corn in private offer, traders state

South Korea's Major Feedmill Group (MFG) bought another 68,000 metric lots of animal feed corn in a 2nd personal deal on Thursday without providing an international tender, European traders said.

This remained in addition to another private offer for 67,000 tons of corn previously on Thursday.

The 68,000 ton consignment was purchased an estimated $ 234.80 a ton expense and freight (c&& f) included plus a $1.50. surcharge for additional port unloading.

The purchase was expected to be sourced from the United. States, from South America or South Africa. If the corn is. sourced from South Africa, only 50,000 loads need be supplied.

Seller was thought to be trading home Cargill with arrival. in South Korea around March 25, 2025. If sourced from the U.S. Pacific Northwest coast, shipment is in between Feb. 9 and March. 10.

Reports reflect evaluations from traders and further. estimates of prices and volumes are still possible later.

(source: Reuters)