June 14, 2021

 
South Korea's MFG buys about 65,000 tonnes of wheat in tender

South Korea's Major Feedmill Group (MFG) has purchased about 65,000 tonnes of wheat (for use as animal feed) - which can be sourced from optional origins - in a tender which closed on June 11, European traders said in initial assessments.

The wheat was bought at an estimated US$313.00 a tonne, cost and freight (C&F), plus a US$2.50 a tonne surcharge for additional port unloading.

The seller was believed to be trading house CHS.

- Reuters