According to market operators, the South Korean Korea Feed Association (KFA) purchased 65 thousand tons of feed corn at the tender, which is expected to be supplied from South America and/or South Africa.
It is noted that the grain was purchased at a price of $263.75 per ton C&F (+$1.25 per ton surcharge for port unloading).
Delivery of the product to the importer should take place in January 2024.