HAMBURG: The Korea Feed Association (KFA) has launched an international tender to purchase up to 136,000 tons of maize for animal feed from optional origins, European traders announced on Wednesday.
The deadline for submitting price offers in the call for tenders is also Wednesday, July 13.
KFA’s Incheon branch, also known as the Feed Buyers’ Group, is looking for the maize in two shipments of up to 68,000 tons.
The first shipment is due to arrive in South Korea around October 20. Shipment is wanted between September 16 and October 5 if the corn is from the Pacific Northwest coast of the United States, between August 27 and September 5. 15 if from the US Gulf or Black Sea/Eastern Europe region, between August 22 and September 22.
10 if from South America and between September 1 and 20 if from South Africa.
CBOT corn may retest support at $7.58-3/4
The first shipment is due to arrive in South Korea around October 30.
The expedition is wanted between September 26 and October 26. 15 if the corn is from the US Pacific Northwest coast, between September 6 and September 25 if it is from the US Gulf or Black Sea/Eastern Europe region East, between September 1 and September 20 if it comes from South America and between September 11 and September 20 if from South Africa.
Traders said Asian importers’ interest in buying corn for animal feed was sparked after Chicago prices fell on Tuesday to pre-war levels in Ukraine, after the Department US Department of Agriculture (USDA) raised key crop supply forecasts and lowered some demand expectations.