European traders reported on Thursday that the leading South Korean feedmaker Nonghyup Feed Inc., (NOFI), has issued an international bid to purchase up 138,000 metric tonnes?of animal feeding corn. The deadline to submit price offers for the tender is Thursday, 26th February. The corn is expected to arrive in South Korea in two consignments ranging from 45,000 to 69,000 tonnes, both in July.

NOFI unit 'NH Feed' is looking for corn from the United States or South America. The seller can also choose the origin.

Around July 5, the first corn consignment is expected to arrive in South Korea.

Shipping is required from the U.S. Pacific Northwest Coast between May 28 and June 16. From the U.S. Gulf, between May 8 and May 27, or from South America between May 2 and May 21, or South Africa between June 18 and June 6.

The second shipment is expected to arrive in South Korea by July 15th.

The U.S. Gulf between May 18 and June?6, from South America between May 12 to may 31 or from South Africa between?May 28 to June?16. Gulf between May 18 and June 6. From South America between May 12 and May 31.

The traders reported that they were seeking offers both in terms of outright prices for corn c&f per ton and at a higher price than the Chicago July 2026 contract. (Reporting and editing by Louise Heavens in Hamburg)

(source: Reuters)