South Korea’s NOFI buys estimated 136,000 T corn, traders say
HAMBURG, Dec 19 (Reuters) -Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) bought an estimated 136,000 metric tons of animal feed corn in an international tender on Thursday, European traders said.
The corn was purchased in two consignments estimated at 68,000 tons, both for arrival in South Korea in March 2025.
One was bought at an estimated outright price of $234.19 a ton cost and freight (c&f), the second at an estimated outright price of $234.90 a c&f.
Seller of both consignments was believed to be trading house Viterra.
Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.
Reporting by Michael Hogan
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