The Major 'Feedmill Group' (MFG) of South Korea purchased a?estimated amount of 50,000 metric tonnes of soymeal on Thursday in an international?tender that sought?upto 60,000 tons, European traders reported.

A consignment is believed to have cost $414.79 per ton, including the surcharge for "additional unloading at port".

The meal was to be sourced from South 'America, but there was an option?to?source a mixture of Argentinean, U.S.A. and Chinese meals.

Soymeal arrived in South Korea on August 3rd. The shipment was between June 1 and 30 if it came from South America, or between July 15 and 'August 3 if it came from China.

The reports reflect the assessments of traders, and further estimates of volumes & prices are possible in the future. Michael Hogan, reporting from Hamburg and editing by

(source: Reuters)