September 26, 2011

South Korea seeks more than a million tonnes of feed grain

South Korean buyers are seeking more than a million tonnes of corn and wheat to meet demand in feed, according to trading executives.

South Koreans have been mostly away from the market for several weeks now, making them worth watching amid recently slipping prices, said an executive with a global commodities trading company.

South Korea plans to buy at least 15 cargoes of corn and six cargoes of wheat for December-January arrival, according to traders.