The South Korean feed mill seeks corn for cattle feed
28 March 2024
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South Korea’s Primary Feedmill Staff (MFG) has issued a global gentle to buy as much as 70,000 metric lots of animal feed corn to be sourced from South The united states or South Africa best, Reuters reported, mentioning Ecu investors on Wednesday.
The time limit for submission of worth gives within the gentle is Thursday, March 28.
The corn is searched for arrival in South Korea in a single consignment round June 30, they stated.
Cargo was once sought between April 27 and Might 16 if from South The united states, or Might 12-Might 31 from South Africa.
Value gives within the gentle are sought each in outright phrases in line with ton cost-and-freight integrated (c&f) or at a top rate over the Chicago Might 2024 CK24 corn contract.
Falling corn costs are producing extra Asian import purchases this week forward of conceivable marketplace turbulence on Thursday with new estimates of US inventories and US planted space scheduled, investors stated.
On Tuesday, South Korean importer NOFI purchased 134,000 lots of corn in a global gentle and South Korea’s Feed Leaders Committee (FLC) bought round 65,000 lots of corn in a non-public deal.