South Korea's NOFI buys 136,000 MT corn July 1, 2022
South Korean feed maker Nonghyup Feed Inc (NOFI) has bought an estimated 136,000 MT of optional-origin corn in a tender on Thursday, June 30.
NOFI purchased two cargos of 68,000 MT for arrival in South Korea around Oct 5 and Oct 10.
First cargo were bought from trading house Cofco at 348.88 $/mt c&f plus 1.75 $/mt for delivery into the second port.
Other 68,000 MT cargo was purchased from Posco International at an estimated premium of 221.6 US cents a bushel c&f over the Chicago December 2022 corn contract