South Korea’s MFG bought up to 134,000 tons corn, traders say

HAMBURG, Oct 16 (Reuters) — South Korea's Major Feedmill Group (MFG) purchased up to 134,000 metric tons of animal feed corn in private deals on Thursday without issuing an international tender, European traders said on Friday. Up to 68,000 tons was bought from trading house Mitsui at an estimated $278.00 a ton cost and freight (c&f) plus a $1.50 a ton surcharge for additional port unloading.. The consignment can be sourced from South America or South Africa only and is for arrival in South Korea around February 10, 2027. A second consignment of up to 66,000 tons which can be sourced from worldwide optional origins was bought from trading house ADM at an estimated $277.94 a ton c&f plus a $1.50 a ton surcharge for additional port unloading. If sourced from South America shipment is between December 1, 2026, and January 1, 2027. If from the US Pacific Northwest coast between December 26, 2026, and January 26, 2027. The tonnage to be supplied in both consignments can be varied according to the supply region selected. Reports reflect assessments from traders and further estimates of prices and volumes are still possible later. (Reporting by Michael Hogan in Hamburg, editing by ) ((mic