February 10, 2006

South Korea's KFA rejects offers in soymeal tender

Seoul-based Korea Feed Association (KFA) decided not to buy soymeal in a tender concluded Thursday due to high offers, a KFA official said Thursday.

KFA Seoul tendered to buy up to 165,000 tonnes of optional-origin soymeal.

Suppliers could supply soymeal from the US or South America.

According to the official, a re-tender may take place in two weeks' time, although KFA has yet to fix a date.