April 18, 2007

South Korea's KFA, MFG reject bids in 495,000-tonne corn buy tender
 

The Korea Feed Association, or KFA, and Major Feedmill Group, or MFG, have rejected all bids in their joint tender to purchase 495,000 tonnes of corn late Tuesday, an MFG official said Wednesday.

The official said bids were rejected as they were much higher than KFA and MFG had expected. A retender is likely, but the official did not specify any date.