South Korea's Feed Leaders Committee (FLC) has reportedly acquired approximately 50,000 metric tons of animal feed corn in a private transaction without an international tender. The corn, expected to be sourced from South America, likely Brazil, was purchased at an estimated $260.90 per ton c&f, with an additional $1.50 per tonne surcharge for port unloading. The shipment is scheduled between Dec. 5, 2023, and Jan. 5, 2024, with an anticipated arrival in South Korea around March 3, 2024. This follows another recent corn purchase by South Korean importer NOFI in an international tender for up to 138,000 tons.

SOURCE: GOOGLE