Friday, 27 March 2015 12:53
HAMBURG: The Korea Feed Association (KFA) bought 60,000 tonnes of feed corn in a directly-negotiated purchase after rejecting offers in an international tender for corn which closed on Thursday, European traders said on Friday.
The KFA’s Busan section purchased the yellow corn at $ 196.99 a tonne c&f, traders said. The corn can be sourced from optional origins including the United States and South America, traders said.
The KFA had also bought 50,000 tonnes of feed wheat on Thursday after initially rejecting offers in its tender. The KFA had sought the wheat for arrival by Oct. 20 and the corn for arrival by Nov. 20.
Copyright Reuters, 2015
