The acquisition will probably be used for animal feed
13 October 2023
2 minute learn
South Korea’s Main Feedmill Workforce (MFG) bought an estimated 136,000 metric heaps of animal feed corn in a global smooth on Wednesday, Reuters reported, bringing up Eu investors.
The smooth sought corn in two consignments for arrival in South Korea in February 2024.
The primary consignment used to be purchased at an estimated outright value of $252.30 a ton c&f plus a $1.50 a ton surcharge for added port unloading. The vendor used to be believed to be buying and selling space Pan Ocean.
The second one consignment used to be purchased at an estimated outright value of $255.90 a ton c&f, additionally plus a $1.50 a ton surcharge for added port unloading. The vendor used to be believed to be buying and selling space Sierentz.
Effects mirror tests from investors and extra estimates of costs and volumes are nonetheless imaginable later.
The primary consignment used to be anticipated to be sourced from international origins except Russia or shipment loaded in Russia and Ukraine.
Cargo of the primary consignment for arrival in South Korea round Feb. 6 used to be searched for Jan. 3-22 if sourced from the United States Pacific Northwest coast; between Dec. 14-Jan. 2 from the United States Gulf and from east Europe/the Black Sea area; for Dec. 9-28 from South The united states; or from Dec. 19-Jan. 7 from South Africa.
If the primary consignment is sourced from South The united states or the United States Pacific Northwest coast, 68,000 heaps will probably be provided. If sourced from east Europe 60,000 heaps, 55,000 heaps if from the United States Gulf and 50,000 heaps from South Africa.
The second one consignment for arrival in South Korea round Feb. 16 used to be anticipated to be sourced both from South The united states or South Africa.
Cargo used to be between Dec. 19-Jan. 7 from South The united states or from Dec. 29-Jan. 17 from South Africa. Best 52,000 heaps want be provided if South African starting place is equipped.