South Korea’s Major Feedmill Group (MFG) has bought an estimated 137,000 MT of South American or South African feed corn in a tender on Tuesday, September 27.

The first cargo of 69,000 MT of South American corn was bought from trading house Cargill at 333.38 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for December 20 arrival.

The second consignment of 68,000 MT of South American or South African corn was purchased from Olam at 332.88 $/mt c&f plus a 1.75 $/mt surcharge for additional port unloading for January 17 arrival