SEOUL, June 11 South Korea's largest feedmaker
Nonghyup Feed (NOFI) bought a total of 108,000 tonnes of corn
for arrival between July and November via tenders late on
Friday, traders said.
It bought 39,000 tonnes of Indian corn from Peter Cremer at
$259.83 per tonne on a cost-and-freight (CFR) basis for July 10
arrival and 69,000 tonnes of the U.S. origin from Cargill
at $278.99 per tonne, CFR, for November 30, traders
The agency bought Indian corn for July as higher demand than
initially thought caused it to buy corn from near by, said a
company source, who declined to be named as they were not
authorised to talk to the media.
The corn should arrive at two or three ports from the list
of Incheon, Pyongtaek, Kunsan, Mokpo, Busan and Ulsan.