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South Korea's NOFI offers up to 60,000 T of soymeal

European traders reported on Wednesday that the leading South Korean animal feed manufacturer Nonghyup Feed Inc. (NOFI) had issued an international tender for up to 60,000 tons of soymeal, sourced from South America or China.

They said that the deadline for submitting price offers to the tender is Wednesday, November 13.

Soymeal in a consignment between 40,000 and 60,000 tons is required for delivery to South Korea by May 10, 2025.

They said that shipments were sought from South America between March 13 and 1 April, from China between April 21 and 10 May, and from the U.S. Pacific Northwest Coast between April 4 and 23 April.

Traders said that they were seeking offers in both outright and cost and freight included (c&f), as well as a premium to the Chicago soymeal May 2025 contract.

NOFI also released a separate bid to purchase up to 65,000 tonnes of animal feed wheat, which also closes on Wednesday. (Reporting and editing by Rashmi aich, with Michael Hogan)

(source: Reuters)