South Korea bought estimated 60,000 T rice mainly from Vietnam and Thailand
HAMBURG, Nov 29 (Reuters) -South Korea’s state-backed Agro-Fisheries & Food Trade Corp. purchased an estimated 60,000 metric tons of rice mainly to be sourced from Vietnam and Thailand in an international tender which closed earlier in November, European traders said on Friday.
The lowest price was reported as $425.50 a ton cost and freight (c&f) included for 10,000 tons of non-glutinous milled rice sourced from Vietnam.
A tender seeking up to 101,000 tons had closed on Nov. 7. The corporation often takes several weeks before awarding tender purchases with rice samples generally requested for examination.
Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.
Reporting by Michael Hogan
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