South Korea’s Korea Feed Association (KFA) has purchased roughly 65,000 metric tonnes of animal feed corn in a private transaction without issuing an international tender, European traders reported. The purchase was made by the Busan section of the KFA and is destined for arrival in South Korea around June 7 this year.
The corn — which can be sourced from the United States, South America, or South Africa — was bought at an estimated $243.90 per tonne cost and freight (C&F) plus a $1.00 per tonne port unloading surcharge. According to traders, the seller was believed to be Columbia Grain International, and shipments are expected to take place between mid‑April and mid‑May, depending on the origin.
This move reflects ongoing feed grain buying by South Korean importers as they secure supplies ahead of the spring and summer demand season.
