South Korea’s KFA tenders to buy up to 69,000 tons of corn, traders say
HAMBURG: South Korea’s Korea Feed Association has issued an international tender to purchase up to 69,000 metric tons of animal feed corn to be sourced from optional origins, European traders said on Tuesday. The deadline for price submissions in the tender from the KFA’s Busan section is also Tuesday, August 11, they said. The corn was sought for arrival in South Korea around November 30. One…
South Korea's Korea Feed Association (KFA) has launched an international tender to acquire up to 69,000 metric tons of corn for animal feed, according to European traders on Tuesday. The tender, issued by the KFA's Busan division, requires price submissions to be made on the same day, August 11. The corn is expected to arrive in South Korea by November 30, with a single consignment ranging from 50,000 to 69,000 tons being sought.
The seller has the flexibility to offer any volume within this range. If the corn originates from the US Pacific Northwest coast, the shipment is desired between October 22 and November 10. For shipments from the US Gulf coast, the desired timeframe is between October 2 and October 21. Corn from South America should be delivered between September 27 and October 16, while corn from South Africa should arrive between October 12 and October 31.
The KFA is seeking bids in terms of outright tonnage cost, freight (c&f), or at a premium over Chicago December corn futures.
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