MFG to buy as much as 70,000 metric lots of animal feed corn
22 January 2024
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South Korea’s Primary Feedmill Staff (MFG) issued a global mushy to buy as much as 70,000 metric lots of animal feed corn to be sourced from non-compulsory origins, Reuters reported, bringing up Eu investors.
The cut-off date for submission of worth gives within the mushy is Friday, Jan. 19.
The corn is hunted for arrival in South Korea in a single consignment round Would possibly 23, they mentioned.
Falling corn costs are producing extra Asian import buying, investors mentioned. Huge world provides driven Chicago corn futures to the touch three-year lows on Thursday.
Corn sourced from Russia is excluded from the mushy, investors mentioned. Corn from any origins loaded in Russian or Ukrainian ports can’t be introduced.
Cargo was once sought between April 19 and Would possibly 8, if sourced from the U.S. Pacific Northwest coast, between March 30 and April 18 from the U.S. Gulf or Europe/Black Sea area, between March 25 and April 13 if from South The usa or April 4 and April 23 from South Africa.
Value gives within the mushy are sought each in outright phrases in step with ton value and freight incorporated (c&f) or at a top class over the Chicago Would possibly 2024 corn contract.