Feed corn began to decrease in price upon import into South Korea.

Last week, South Korean company Major Feedmill Group (MFG) managed to purchase nearly 200 thousand tons of feed corn in a private deal and at auction, reported the electronic edition APK-Inform, citing its sources among market participants. On Tuesday, a private deal was agreed with the company Olam for the delivery by September 25 of 63 thousand tons originating from South Africa or a South American country for $277.50 per ton C&F plus a fee of $1.50 per ton for unloading at a reserve port. For comparison – in the last private deal for the import of feed corn into South Korea, concluded a month ago, the delivery of 65 thousand tons was agreed for $263.58 per ton C&F plus a fee of $1.75 per ton for unloading at a reserve port, and in the previous private deal again for import into South Korea, concluded at the end of February, between 55 thousand and 65 thousand tons were purchased depending on the country of origin for $245.40 per ton C&F plus $1 per ton for unloading at a ...