Purchase prices for corn at the tender of South Korean companies decreased by 4% in a week

port). Another 65,000 tonnes of corn were purchased from Pan Ocean at the same price, and all contracted consignments are due to be delivered to the buyer in March 2026. The purchase price was significantly lower than a week ago, when South Korean animal feed producer Nonghyup Feed Inc (NOFI) on November 12 purchased 75,000 tons of feed corn from Agrocorp and Lotte at a tender price of $255.9 and $265.5/ton C&F for delivery by February 15, 2026. In addition, in another tender on November 20, Major Feedmill Group (MFG) purchased about 68 thousand tons of corn originating from South America or South Africa from COFCO for delivery by April 10, 2026 at a price of $258.9/ton C&F. At the same time, if the corn is of South ...