May 8, 2012

South Korea's NOFI purchases 55,000 tonnes soymeal from Glencore

Traders said that on Friday (May 4) about 55,000 tonnes of soymeal have been bought by South Korea's Nonghyup Feed (NOFI) from Glencore via a tender for arrival by September 15.

The agency bought the soy meal of South American origin at US$525 a tonne on a cost and freight (CFR) basis, they said.

The product should arrive at two or three ports from a list including Incheon, Pyongtaek, Kunsan, Mokpo and Ulsan.