South Korea’s KFA buys 50,000-60,000 tons soymeal for Dec 25 arrival
Korea Feed Association purchased about 50,000 to 60,000 metric tons of soymeal on Tuesday, European traders said, for estimated $479.99/ton c&f.
HAMBURG, Sept 29 (Reuters) — The Korea Feed Association (KFA) in South Korea purchased about 50,000 to 60,000 metric tons of soymeal on Tuesday, European traders said. 99 a ton cost and freight included (c&f) also including a surcharge for additional port unloading, they said. Seller was believed to be trading house Cofco. Arrival in South Korea was around December 25.
The volume to be supplied can vary according to origin selected. It was purchased jointly by the KFA’s Incheon and Busan sections. Reports reflect assessments from traders and further estimates of prices and volumes are still possible later. net)