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S.Korea's MFG buys 63,000 T corn for March
October 19, 2012 / 1:35 AM / in 5 years

S.Korea's MFG buys 63,000 T corn for March

SEOUL, Oct 19 (Reuters) - South Korea’s Major Feedmill Group (MFG) has bought 63,000 tonnes of corn from CHS Inc via a tender on Oct. 17, while passing on other tenders seeking up to 140,000 tonnes, traders said on Friday.

MFG bought the U.S. and South American origin corn at $318.42 per tonne on a cost and freight (CFR) basis, they said. The product will arrive at the ports of Pyeongtaek and Kunsan by March 15, 2013, they added.

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