South Korea’s NOFI secures 137,000 mt feed corn at $193-194/mt

South Korea’s Nonghyup Feed has secured 137,000 mt of feed corn in two cargoes, and 65,000 mt of wheat, market sources said Wednesday.

The purchase, via tender, comes just days after MFG bought 133,000 mt at $193-194/mt.

NOFI purchased 68,000 mt for arrival in April at $193.95/mt, with a further 69,000 mt of corn slated for May arrival at $193.30/mt, both on CFR terms.

Also arriving in May is a 65,000 mt CFR cargo of wheat purchased at $215.48/mt, according to market sources.